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Stock impact report

Shares of Cars.com Inc. Drop 9% After Falling Short on the Bottom Line [The Motley Fool]

Cars.com Inc. (CARS) 
Last cars.com inc. earnings: 2/26 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.cars.com/overview/default.aspx
Company Research Source: The Motley Fool
Despite growth in traffic and revenue, shares of Cars.com were trending lower after missing analysts' estimates on the bottom line. Daniel Miller ( TMFTwoCoins ) May 9, 2018 at 5:03PM What happened Shares of Cars.com Inc. ( NYSE:CARS ) , an online marketplace for buying and selling new and used vehicles, are down 9.4% as of 3:30 p.m. EDT Wednesday, after the company's bottom line failed to meet Wall Street estimates during the first quarter. So what Total revenue increased 4%, compared to the prior year, to $160 million, which topped analysts' estimates polled by FactSet calling for $155.3 million. The bottom line was a different story with the company's adjusted earnings checking in at $0.39 per share, far below analysts' estimates of $0.57 per share. Other highlights show some growth in key metrics such as a 9% year-over-year increase in avera Show less Read more
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