Mindbody's Second-Quarter Revenue Gets a Boost From Acquisition [The Motley Fool]
MINDBODY INC CL A (MB)
Last mindbody inc cl a earnings: 11/6 04:05 pm
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US:NASDAQ Investor Relations:
investors.mindbodyonline.com
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Source: The Motley Fool
The technology platform provider for the fitness, wellness, and beauty services industries grew revenue 40% year over year, but pared back its full-year revenue outlook. Mindbody ( NASDAQ:MB ) reported second-quarter 2018 financial results after the market close on Tuesday. The online platform provider for the fitness, wellness, and beauty services industries posted strong revenue growth of 40% year over year. Net loss per share on both a GAAP and adjusted basis widened, driven by acquisitions and increased spending intended to fuel long-term growth. Shares of Mindbody closed down 6.3% on Wednesday. The market's reaction was probably largely due to the company's lowering of the upper end of its revenue outlook range for full-year 2018. Despite Wednesday's drop, Mindbody stock has gained nearly 35% over the one-year period through Wednesday, versus the S&P 500 's 16.1% return. Image source: Getty Images. Mindbody's results: The raw numbers Me
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