Rocket Fuel (FUEL) Tops Q2 EPS by 8c

Rocket Fuel (NASDAQ: FUEL) reported Q2 EPS of ($0.15), $0.08 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $117 million versus the consensus estimate of $111.19 million.

"We executed well in Q2 and delivered solid results meeting or exceeding our guidance,” said Randy Wootton, chief executive officer. “In the quarter, we reported significantly improved positive adjusted EBITDA, which drove positive free cash flow a quarter earlier than we expected. We did this by focusing on our three strategic imperatives of becoming a trusted platform partner, strengthening our brand value proposition, and extending our direct response leadership across all devices, while strengthening executional rigor across the company. Looking forward, I believe Rocket Fuel is poised for continued success, as we continue to execute on our growth strategy of making marketing more meaningful for agencies and their clients.”

For the third quarter of 2016, the Company expects:

- Non-GAAP net revenue between $63 million and $66 million.

- Non-GAAP Adjusted EBITDA between $4 million and $7 million.

For earnings history and earnings-related data on Rocket Fuel (FUEL) click here.

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