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Care.com: 2Q Earnings Snapshot

August 6, 2019

WALTHAM, Mass. (AP) _ Care.com Inc. (CRCM) on Tuesday reported a loss of $64.8 million in its second quarter.

On a per-share basis, the Waltham, Massachusetts-based company said it had a loss of $2.01. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The operator of an online service to help people find and manage family care posted revenue of $51 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $52.2 million.

For the current quarter ending in October, Care.com said it expects revenue in the range of $52 million to $52.5 million.

The company expects full-year earnings in the range of 49 cents to 52 cents per share, with revenue ranging from $206.5 million to $208 million.

Care.com shares have fallen 47% since the beginning of the year. The stock has dropped 45% 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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