ComScore Q1 Profit Rises; Guides Q2, Lifts FY08 Revenue Outlook - Quick Facts

Posted on Thursday, May 01, 2008 5:14 PM

(RTTNews) - comScore Inc. (SCOR) reported first quarter net income available to common stockholders of $2.53 million or $0.08 per share, compared to $655 thousand or $0.00 per share in the same quarter of last year. Non-GAAP adjusted net income for the quarter was $5.29 million or $0.18 per share, compared to $1.93 million or $0.00 per share in the year ago quarter. Analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.10 per share for the quarter. Revenues for the quarter were $26.37 million, compared to $18.68 million in the prior year quarter. Seven analysts had consensus revenue estimate of $26.09 million for the quarter. comScore is forecasting second quarter 2008 revenue of approximately $27.1 million to $27.4 million, an increase of 30 percent to 32 percent compared to the second quarter of 2007. For the second quarter of 2008, comScore is projecting GAAP net income of $2.0 million to $2.3 million. The company is forecasting GAAP EPS for the second quarter 2008 of $0.07 to $0.08 per share. comScore is also forecasting non-GAAP adjusted net income for the second quarter 2008 of $4.7 million to $5.0 million. The company is forecasting non- GAAP EPS for the second quarter 2008 of $0.16 to $0.17 per share. Analysts expect the company to report earnings of $0.12 per share on revenues of $27.36 million for the second quarter. comScore is forecasting full-year 2008 revenue of approximately $113.0 million to $113.6 million. This represents an increase over the company's previous full-year 2008 revenue guidance of $112.2 million to $113.2 million. For the full-year 2008, comScore is projecting GAAP net income of $10.3 million to $11.5 million. The company is projecting GAAP EPS for the full-year 2008 of $0.34 to $0.38 per share. comScore is also forecasting non-GAAP adjusted net income of approximately $22.8 million to $23.7 million and non-GAAP EPS of $0.75 to $0.80 per share for full-year 2008. Analysts expect the company to report earnings of $0.50 per share on revenues of $113.16 million for fiscal 2008. For comments and feedback: contact editorial@rttnews.com