Why comScore Shares Scored Gains

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of comScore (NASDAQ: SCOR  ) scored major gains today, up by as much as 24% after the company reported first-quarter earnings.

So what: Revenue in the first quarter came in at $68.8 million, with a net loss per share of $0.06. Both figures were ahead of expectations, as consensus estimates were calling for just $66.5 million in sales and a net loss of $0.07. CEO Dr. Magid Abraham said new customer activity was robust, adding 62 customers during the quarter.

Now what: Outlook for the second quarter calls for sales to be in the range of $65.5 million to $68 million, and full-year revenue should be $275.5 million to $283.5 million. The midpoints of both forecasts are above consensus. Goldman Sachs upgraded the stock from "sell" to "neutral," believing that the business has stabilized. Cantor Fitzgerald boosted its rating on shares from "hold" to "buy" and added that comScore's new offerings appear to be gaining traction.

Interested in more info on comScore? Add it to your watchlist by clicking here.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.


Read/Post Comments (0) | Recommend This Article (0)

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 Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2407182, ~/Articles/ArticleHandler.aspx, 7/22/2014 8:50:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement