Care.com Inc (CRCM) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.06. The company posted revenue of $39.30 million in the period, compared to analysts expectations of $38.02 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.33 EPS.
Many Wall Street Analysts have commented on Care.com Inc. Care.com Inc was Initiated by Morgan Stanley to “Equal-Weight” on Feb 4, 2016.
Care.com Inc opened for trading at $6.05 and hit $6.18 on the upside on Wednesday, eventually ending the session at $6.15, with a gain of 1.15% or 0.07 points. The heightened volatility saw the trading volume jump to 52,996 shares. Company has a market cap of $200 M.
In a different news, on Mar 14, 2016, Laura W Lang (director) sold 810 shares at $6.64 per share price. According to the SEC, on Mar 14, 2016, Brian Swette (director) sold 2,153 shares at $6.64 per share price. On Mar 11, 2016, Sheila Lirio Marcelo (President and CEO) sold 13,659 shares at $6.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Care.com Inc. is an online marketplace for finding and managing family care as well as a subscription-based social e-commerce service selling curated products designed for families. The Company’s platform provides families with a range of solutions. Its consumer matching solutions allow families to search for qualify vet connect with and select caregivers. Its platform also provides caregivers with solutions to create personal profiles describe their skills and experience and otherwise differentiate and market themselves. It also offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to its platform including online matching backup care services care planning services and Care.com HomePay. The Company serves care-related businesses such as day care centers nanny agencies and home care agencies who wish to market their services to its care-seeking families and recruit its caregiver members.