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Thursday, February 16, 2017

TrueCar Inc. (TRUE) reported earnings on Thur 16 Feb 2017 (a/h)

** charts before earnings ** 


** charts after earnings **


SANTA MONICA, Calif. (AP) _ TrueCar Inc. (TRUE) on Thursday reported a loss of $8 million in its fourth quarter.
The Santa Monica, California-based company said it had a loss of 9 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The provider of localized information on new car costs posted revenue of $74.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $71.1 million.
For the year, the company reported that its loss narrowed to $41.7 million, or 49 cents per share. Revenue was reported as $277.5 million.
For the current quarter ending in April, TrueCar said it expects revenue in the range of $71 million to $73 million.
The company expects full-year revenue in the range of $315 million to $320 million.
TrueCar shares have increased 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.25, more than doubling in the last 12 months.

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