Fleetmatics Q4 Profit Rises - Quick Facts

(RTTNews) - Fleetmatics Group PLC (FLTX) reported that its fourth-quarter net income increased to $16.2 million, from $4.6 million, last year. Earnings per share was $0.42 compared to $0.14, last year. Non-GAAP adjusted earnings, was $8.9 million or $0.23 per share, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Total revenue was $50.1 million, an increase of 39.8% compared to $35.8 million for the fourth quarter of 2012. Analysts expected revenue of $49.05 million for the quarter.

The company expects its first-quarter total revenue to be in the range of $51.0 million to $52.5 million. Non-GAAP adjusted earnings per share is expected to be in the range of $0.14 to $0.16. Analysts expect the company to report first-quarter profit per share of $0.25 on revenue of $51.66 million.

The company expects its full year 2014 total revenue to be in the range of $228.0 million to $230.0 million. Non-GAAP earnings per share is expected to be in the range of $0.80 to $0.85. Analysts expect the company to report full year 2014 profit per share of $1.12 on revenue of $227.93 million.