CRTO misses earnings, but raises outlook

Investment Analysis Clubs Saul’s Investing Discussions
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7:11 am Criteo misses by EUR 0.02, beats on revs; guides Q3 revs above consensus; raises FY15 revs above consensus, reaffirms EBITDA (CRTO) :

Reports Q2 (Jun) earnings of 0.15 per share, excluding non-recurring items, 0.02 worse than the Capital IQ Consensus of 0.17; revenues ex-TAC rose 64.2% year/year to 110 mln vs the 106.72 mln consensus.
We set a new record in client wins in the second quarter 2015 adding over 730 net clients.

Co issues upside guidance for Q3, sees Q3 revs of EUR 116-118 mln vs. 115.92 mln Capital IQ Consensus; EBITDA EUR 21-23 mln.

Co issues upside guidance for FY15, raises FY15 revs to EUR 470-475 mln from EUR 454-460 mln vs. 461.56 mln Capital IQ Consensus; reaffirms EBITDA EUR 120-127 mln

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This, to me, is another buying opportunity for CRTO (which I see as a $60-ish stock still). Another quick drop based on short-term (and really not terribly bad) news, while the long-term remains pretty solid.

Now I have to decide whether to add to CRTO or SWKS – both are about the same size in my portfolio, and both are trading on newsmaker-news to some degree.

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