Dealertrack Technologies Inc. (TRAK) Monday reported fourth-quarter net income of $0.5 million or $0.01 per share, as compared to $32.9 million or $0.76 per share last year.
Last year, the company recorded a gain related to the sale of ALG of $26.8 million and a benefit related to a reversal in the valuation allowance against the company's net U.S. deferred tax assets including disposed deferred tax liabilities of $2.8 million.
Excluding special items, adjusted net income for the quarter rose to $13.7 million or $0.31 per share from $10.3 million or $0.24 per share last year. On average, ten analysts polled by Thomson Reuters expected earnings of $0.29 per share. Analysts' estimates typically exclude special items.
Revenues for the quarter grew to $101.8 million from $91.3 million last year. Analysts estimated revenues of $100.88 million for the quarter.
For the full year 2013, the company expects earnings of $0.22 to $0.29 per share, adjusted earnings of $1.19 and $1.26 per share and revenues of $447.0 million and $456.0 million. Analysts currently estimate earnings of $1.30 per share on revenues of $451.59 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.