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Last Update: 08-Feb-13 07:42 ET
OpenTable shares rise 1% following beat on earnings
OpenTable (OPEN $50.00 +0.69) reported fourth quarter earnings of $0.46 per share, excluding non-recurring items, $0.03 better than the Capital IQ consensus of $0.43, while revenues rose 15.3% year/year to $42.9 million versus the $42.51 mln consensus. The company issued guidance for the first quarter with EPS of $0.39-0.44, excluding non-recurring items, versus the $0.46 consensus and revenues of $44.7-46.1 million versus the $45.75 million consensus. The company issued in-line guidance for fiscal year 2013 with EPS of $1.79-1.96, excluding non-recurring items, versus the $1.94 consensus and revenues of $186.1-193.1 million versus the $189.19 million consensus. North America Metrics: Installed restaurant base as of December 31, 2012, totaled 19,801, a 15% increase over December 31, 2011. Non-GAAP adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, stock-based compensation and acquisition-related expenses) totaled $19.0 million, or 52% of North America revenues, a 16% increase over Q4 2011. International Metrics: Installed restaurant base as of December 31, 2012, totaled 7,716. Non-GAAP adjusted EBITDA totaled a loss of $0.1 million compared to a loss of $0.5 million in Q4 2011.
