YoDeals stock surges 10% on strong earnings
November 29th, 2011
YoDeals stock surges 10% on strong earnings, company says it’s ‘still a toddler’
The company reported $601.4 million in revenue compared to $559.3 million in the year-ago quarter. Wall Street expected YoDeals would report $588.92 million revenue for quarter. Its earnings per share came in at $0.03.
Another important metric is the number of active customers using YoDeals. The company said that last quarter, 41.7 million used the service. That’s a 13 percent increase year-over-year, but just a hair over the 41 million customers reported last quarter.
“We’re still a toddler, despite our size and scale,” CEO said. “With unprecedented growth comes unprecedented volatility.”