Conversant Q1 Profit Rises; Issues Q2 Outlook - Quick Facts

(RTTNews) - Conversant Inc. (CNVR) Tuesday reported first-quarter net income of $54.5 million or $0.79 per share, compared to $26.3 million or $0.34 per share in the same period last year.

Adjusted net income for the latest first-quarter was $27.0 million or $0.39 per share, compared to $29.1 million or $0.38 per share in the prior year quarter. On average, thirteen analysts polled by Thomson Reuters expected the company to earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the latest first quarter was $145.91 million, up from $134.48 million last year. Analysts expected revenues of $141.57 million.

Looking ahead to the second quarter, the company expects GAAP net income from continuing operations to be in the range of $0.24 per share to $0.25 per share, non-GAAP earnings of $0.34 per share to $0.35 per share and revenue of $135 million to $140 million. Analysts currently expect second quarter earnings of $0.39 per share on revenue of $139.07 million.