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AppFolio, Inc. ( (NASDAQ:APPF) ) just released its latest quarterly financial results, posting diluted earnings of 7 cents per share and revenues of $38 million.
Currently, APPF is a Zacks Rank #4 (Sell), but that could change based on today’s results. The stock is currently flat in after-hours trading shortly after its earnings report was released.
AppFolio:
Beat revenue estimates. The company saw revenue figures of $37.9 million, beating our consensus estimate of $35.49 million.
The company posted diluted earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09. Basic earnings per share came in at $0.08.
Total revenue climbed from $28 million in the year-ago period. Total costs and operating expenses reached $35.5 million, up from $29.3 million in the prior-year period.
AppFolio now expects full-year 2018 revenues in the range of $179 million to $182 million. Our current consensus estimate is calling for revenues of $180.9 million.
Here’s a graph that looks at AppFolio’s recent earnings performance:
AppFolio, Inc. offers cloud-based software solutions for property management and legal industries. It offers AppFolio Property Manager, a solution for the property managers including activities of posting and tracking tenant vacancies, handling the entire leasing process electronically, administering maintenance and repairs with their vendor networks, managing accounting and reporting to property owners. MyCase solution for practitioners and small law firms, providing time tracking, billing and payments, client communication, coordination with other lawyers and support staff, legal document management and assembly and general office administration services.
Check back later for our full analysis on APPF’s earnings report!
Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
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