Care.com (CRCM) Tops Q3 EPS by 4c

Care.com (NYSE: CRCM) reported Q3 EPS of $0.02, $0.04 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $40.8 million versus the consensus estimate of $40.14 million.

"We continue to drive strong and sustained profitable growth, beating our Q3 guidance, while solidly progressing on our strategic plans across the business. Our enterprise business Care@Work continues to exceed our expectations, growing 61% year over year, as employers respond to the increasing demand for family-care benefits," said Sheila Lirio Marcelo, Founder, Chairwoman and CEO of Care.com. "Also during the quarter, we expanded our Care.com Benefits program, which provides household payroll services and access to medical and dental benefits for caregivers, to include Care Benefit Bucks, a groundbreaking pooled, portable, peer-to-peer benefits program available to the 9.6 million caregivers on Care.com. As a leader and innovator in the growing on-demand economy, we consider the Care.com Benefits program a key differentiator in driving user engagement, while supporting caregivers, one of the largest groups of gig economy workers.”

For earnings history and earnings-related data on Care.com (CRCM) click here.

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