Constant Contact Profit Tops Estimate; Lifts FY Guidance

(RTTNews) - Constant Contact Inc (CTCT), a provider of online marketing tools for small organizations, Thursday reported third-quarter net earnings of $5.2 million or $0.16 per share compared with $3.3 million or $0.11 per share last year.

Excluding items, adjusted earnings for the quarter were $0.36 per share compared with $0.28 per share a year ago.

Revenues for the quarter were up 16% at $83.5 million compared with $72 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.33 per share on revenues of $83.5 million for the quarter. Analysts' estimates typically exclude special items.

Gross margin for the quarter was 72.2% compared with 71.6% last year.

The company added 50,000 gross new unique customers in the quarter, up from 45,000 last year. It ended the quarter with 625,000 unique customers.

Average monthly revenue per unique customer in the quarter was $44.89, up from $41.40 last year.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.30 to $0.32 per share on revenues of $87.4 million to $87.8 million. Analysts expect earnings of $0.32 per share on revenues of $ 87.2million.

For the full year 2014, the company now projects adjusted earnings of $1.04 to $1.05 per share on revenues of $331 million to 331.4 million. It earlier expected adjusted earnings of about $1.02 per share on revenues of about $331 million.

Analysts expect earnings of $1.03 per share on revenues of $330.86 million for 2014.

For the full year 2015, the company expects revenues to grow 17 percent, while analysts expect growth of 14.3 percent.