OpenTable Inc. (OPEN) reported first-quarter net income of $7.1 million, or $0.30 per share, compared to $4.8 million, or $0.21 per share in the prior year quarter.
Non-GAAP consolidated net income was $10.7 million, or $0.45 per share, up from $9.2 million, or $0.40 per share in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated net revenues for the quarter were $45.50 million, up from $39.37 million in the comparable quarter last year, while thirteen analysts had consensus revenue estimate of $45.58 million for the quarter.
Looking ahead to the the second quarter, the company estimates GAAP earnings to be in the range of $0.30 per share to $0.33 per share and non-GAAP earnings in the range of $0.43 to $0.49 per share. The company expects revenue to be in the range of $44.9 million to $46.2 million. Analysts expect the company to report earnings of $0.47 per share on revenues of $46.70 million for the second quarter.
For fiscal 2013, the company estimates GAAP earnings to be in the range of $1.33 per share to $1.47 per share and non-GAAP earnings in the range of $1.88 to $2.02 per share. The company expects revenue to be in the range of $185.3 million to $190.9 million. Analysts now expect the company to report earnings of $1.91 per share on revenues of $189.55 million for fiscal 2013.
Earlier, the company estimated GAAP earnings to be in the range of $1.27 per share to $1.45 per share, non-GAAP earnings in the range of $1.79 to $1.96 per share and revenue to be in the range of $186.1 million to $193.1 million for fiscal 2013.
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