Wedding site TheKnot (KNOT) beat Wall Street’s Q4 EPS estimates, but missed sales goals.
The SoHo-based company reported $24.2 million in Q4 sales, up 12% year-over-year but short of the $24.9 million Street consensus. The company posted 8 cents EPS, beating the Street’s 7 cents per share consensus. Income from operations increased 17% to $3.3 million. Release.
The Knot shares closed today at $13.89, down more than 50% from their 52-week high, reached almost a year ago. With a $440 million market cap, the company is worth 40% less than it was in October, when we called them an “affordable” acquisition target.
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