BMO Capital Downgrades Marchex (MCHX) to Market Perform

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Go back to BMO Capital Downgrades Marchex (MCHX) to Market Perform

Marchex (MCHX) Updates Q3, FY14 Call-Driven Revenue Guidance

September 18, 2014 6:15 AM EDT

Marchex (Nasdaq: MCHX) announced it is updating its outlook for the remainder of 2014.

As a result of revised commitments from Allstate in the fourth quarter, Marchex is lowering its 2014 call-driven revenue outlook. However, given the growth and progress with its other customers, such as Time Warner, Bridgestone, Dish Networks, and T-Mobile, the company is reiterating its prior outlook for 2014 call-driven adjusted EBITDA. The Company is also increasing its third quarter call-driven financial outlook.

While Marchexs technology has allowed it to exceed customer set goals and metrics on a pay for call... More