RealPage, Inc. (RP) reported net income for the fourth quarter of $3.7 million, or $0.05 per share, compared to $0.2 million, or $0.00 per dshare, for the year-ago quarter.
Excluding items, adjusted net income for the latest quarter was $10.2 million, or $0.14 per share.
Total revenue for the fourth quarter rose to $85.72 million from $71.14 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.14 per share on revenue of $86.72 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward to the first quarter, the company forecast adjusted revenue of $88.0 million to $89.5 million and adjusted earnings of $9.6 million to $10.2 million, or $0.13 to $0.14 per share. Analysts currently expect the company to earn $0.14 per share on revenue of $90.42 million for the first quarter.
For the calendar year 2013, the company forecast adjusted revenue of $382.0 million to $390.0 million and adjusted earnings of $43.9 million to $45.7 million, or $0.57 to $0.60 per share. Analysts currently expect the company to earn $0.63 per share on revenue of $390.55 million for the full year 2013.
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