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Care.com: 3Q Earnings Snapshot

November 8, 2018

WALTHAM, Mass. (AP) _ Care.com Inc. (CRCM) on Thursday reported third-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Waltham, Massachusetts-based company said it had profit of 3 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 18 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The operator of an online service to help people find and manage family care posted revenue of $49.2 million in the period, which matched Street forecasts.

For the current quarter ending in December, Care.com expects its per-share earnings to be 20 cents.

The company said it expects revenue in the range of $49.6 million to $50 million for the fiscal fourth quarter.

Care.com expects full-year earnings to be 69 cents per share, with revenue ranging from $192.1 million to $192.5 million.

Care.com shares have declined slightly since the beginning of the year. The stock has dropped roughly 2 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRCM at https://www.zacks.com/ap/CRCM

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