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What: Shares of Vocus
So what: Sales in the second quarter added up to $43.6 million, jumping 53% from last year. Adjusted net income was $2.5 million, or $0.11 per share, topping forecasts calling for just $0.09 per share in profit. Guidance similarly looked strong.
Now what: The maker of cloud-marketing software expects full-year sales in the range of $169.8 million to $170.8 million, with earnings per share between $0.40 and $0.42. Even the low end of that outlook tops the $0.39-per-share consensus. The company is hoping to tap the cloud-marketing sector in small and midsized markets and is looking to expand sales capacity this year.
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Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.