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0.104931794333683 0.104931794333683 0.104931794333683 0.104931794333683 0.0283315844700946 0.0555299055613852 0.0640923399790138 0.0755508919202519
Stock impact report

TechTarget beats though profits, revenues decline [Seeking Alpha]

TechTarget, Inc. (TTGT) 
Last techtarget, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.techtarget.com
Company Research Source: Seeking Alpha
TechTarget ( TTGT ) beat expectations with its earnings report for a quarter where it's under transformation into a data subscription company. It expects more than half of revenues to come from its IT Deal Alert products by 2018's end. The line grew to 44% of revenues this quarter. EPS beat expectations though gross profit, operating income and net income all shrank (net income by 43%, to $1.4M). Online revenue by product: IT Deal Alert, $11.66M (up 39%); Core online, $15M (down 22%). Online revenue by geography: North America, $17.4M (down 7%); International, $9.2M (up 4%). Cash and investments came to $36.6M, with $35.9M in outstanding term loan debt. For Q3, it's guiding to revenues of $27.5M-$28.5M (vs. consensus for $28.5M) and EBITDA of $5.5M-$6.3M (vs. consensus for $6M). Shares are flat in after-hours action. Shareholder letter Now read: Web.com Group, Inc 2017 Q2 - Results - Earnings Call Slides » Show less Read more
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