Care.com: 2Q Earnings Snapshot
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.