RetailMeNot Profit Tops Estimate, Guidance Weak; Stock Down 18%

(RTTNews) - RetailMeNot Inc (SALE), the operator of the world's largest marketplace for digital offers, Monday reported third-quarter net earnings of $2.5 million or $0.05 per share compared with a loss of $2.2 million or $0.06 per share last year.

Excluding items, adjusted earnings for the quarter were $0.16 per share compared with earnings of $0.19 per share a year ago.

Revenues for the quarter were $56.5 million compared with $47.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.13 per share on revenues of $56 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects revenues of $84.7 million to $86.7 million, while analysts expect $90.9 million.

For the full year, the company now expects revenues of $262 million to $264 million, while analysts expect $267.5 million.