The Street (NASDAQ:TST) reported a loss.
The Street Earnings Cheat Sheet
Revenue: Decreased 3.11% to $13.826 million from the year-earlier quarter.
Quoting Management: “In the fourth quarter, we continued to execute our turnaround strategy by right-sizing our cost structure, including moving most of our operations to the cloud, and integrating The Deal. Our strong balance sheet, ending the year with $60.5 million in cash and investments, allowed us to complete a large portion of our restructuring in 2012. We will continue to focus on driving subscription revenue, optimizing our free site and modernizing our technology infrastructure in the new year,” said Elisabeth DeMarse, Chairman, President and Chief Executive Officer.
Key Stats (on next page)…
Revenue increased 19.19% from $11.6 million in the previous quarter. EPS decreased to $-0.07 in the quarter versus EPS of $-0.01 in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)
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