Velti Slips To Q4 Loss; Guides Q1, FY13 Revenue Outlook Below Street View

(RTTNews.com) - Velti Plc ( VELT ) Tuesday reported a net loss for the fourth quarter reflecting higher third party costs and total expenses from the year-ago quarter.

The company reported a net loss for the quarter of $5.18 million, or $0.08 per share compared to a net income of $24.98 million, or $0.40 per share in the prior-year quarter.

However, on an adjusted basis, the company posted a net income of $26.0 million, or $0.39 per share compared to $39.3 million, or $0.59 per share in the same quarter prior year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues grew 12 percent to $97.46 million from $87.10 million in the prior year, while analysts expected revenues of $106.00 million for the quarter.

Looking forward to the first quarter, the company expects revenue to range between $40 million and $44 million. Analysts expect to see revenues of $62.70 million.

For the full-year 2013, the company expects to report revenues in a range of $255 million to $280 million, while the Street expects the company to report revenues of $339.52 million for 2013.

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