Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Zipcar (NASDAQ: ZIP ) has reported its Q4 and 2012 results. For the quarter, the company's revenue grew by 12% on a year-over-year basis, to $71 million. Its GAAP net profit came in at $13.8 million ($0.34 per diluted share), a more than threefold improvement over Q4 2011's $3.9 million ($0.09).
On average, analysts were expecting EPS of only $0.06.
For the full year, top line came in at $279 million, which bettered 2011's $242 million. Net profit was $14.2 million ($0.35 diluted EPS), against a loss of $7.2 million ($0.24) in the previous year.
Zipcar is soon to be acquired by rental car giant Avis Budget Group (NASDAQ: CAR ) , pending Zipcar shareholder approval and review by certain regulatory bodies, in a cash transaction worth $12.25 per share. The deal is expected to close in March or April.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.