Millennial Media Inc. (MM) reported fourth quarter GAAP EPS of $0.03 after the bell Tuesday, compared to the loss of $0.07 in the previous year. Revenue increased to $58.0 million from $34.5 million a year ago. The consensus estimates were for EPS of $0.03 and revenues of $62.89 million.
The company expects to report first quarter revenues of $48 million to $50 million and between 270 million and $280 million for the full year 2013. The consensus estimates are for revenues of $56.41 million and $286.44 million.
Millennial Media gapped open dramatically lower Wednesday and fell in early trade, before settling into a narrow range. Shares finished down by 5.38 at $8.95 on strong volume. The stock dropped below its 50 and 200-day moving averages and sank to a 6-month low.
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