TechTarget -4.6% as Q3 earnings growth lags expectations [Seeking Alpha]
TechTarget, Inc. (TTGT)
Last techtarget, inc. earnings: 2/12 04:15 pm
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US:NASDAQ Investor Relations:
investor.techtarget.com
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Source: Seeking Alpha
TechTarget (NASDAQ: TTGT ) is postmarket afer a Q3 earnings miss despite solid growth, and a new buyback announcement. Revenues rose nearly 10% to $30.7M, and EBITDA jumped 25% to $7.7M. Higher revenue led gross profit percentage to 76%, up from a year-ago 75%. Revenue breakout: IT Deal Alert North America, $11.9M (up 20%); IT Deal Alert International, $4M (up 17%); North America Core, $9.03M (down 4%); International Core, $5.75M (up 10%). Unpaid traffic was nearly flat and remains at a level that is more than sufficient to support our revenue. It made up 96% of overall traffic. The company is authorizing a new $25M stock repurchase plan, following the August expiration of a $20M plan. The new plan is good for two more years. For Q4, it sees revenues of $31M-$32M and EBITDA of $7.3M-$8M. For the full year of 2019, preliminary guidance is for double-digit revenue growth and 20%-plus EBITDA growth. Previously: TechTarget misses by $0.03, misses on revenue (N
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News
- Are Investors Undervaluing TechTarget, Inc. (NASDAQ:TTGT) By 26%? [Yahoo! Finance]Yahoo! Finance
- TechTarget Announces Launch of Priority Engine Account Intent Feeds to Help Go-to-Market Teams Identify, Engage & Convert In-Market Accounts More Effectively [Yahoo! Finance]Yahoo! Finance
- TechTarget Announces Launch of Priority Engine Account Intent Feeds to Help Go-to-Market Teams Identify, Engage & Convert In-Market Accounts More EffectivelyBusiness Wire
- TechTarget to Announce 2024 First Quarter Financial Results on May 9, 2024Business Wire
- Mark Cuban defends diversity, equity and inclusion policies even as critics swarm [CBS News]CBS News
TTGT
Earnings
- 2/7/24 - Miss
TTGT
Sec Filings
- 4/17/24 - Form ARS
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- TTGT's page on the SEC website