Care.com Q2 Adjusted Profit Tops Street Mark

Care.com, an online platform for managing family care, reported Thursday non-GAAP net profit of $0.11 per share, compared to a net loss of $0.03 per share in the prior year period and came in higher than the $0.02 earnings per share Street estimate provided by Capital IQ Revenues were $42 million, up from $38.2 million reported for the same period last year and came in just higher than the $41.3 million consensus.

For Q3, the company expects adjusted earnings to range from $0.07 to $0.08 per share on revenues of $43.9 million to $44.4 million. The Street consensus calls for earnings of $0.07 per share on revenues of $43 million. For the FY, the company expects adjusted earnings of $0.37 to $0.40 per share on revenues of $172 million to $173.5 million. The Street consensus calls for earnings of $0.37 per share on revenues of $172.8 million.

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