Fiverr: Q4 Earnings Snapshot

TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Fiverr International Lt. (FVRR) on Thursday reported fourth-quarter profit of $4.7 million.

On a per-share basis, the Tel Aviv, Israel-based company said it had net income of 12 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The online marketplace for freelance services posted revenue of $91.5 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $92.4 million.

For the year, the company reported profit of $3.7 million, or 9 cents per share. Revenue was reported as $361.4 million.

For the current quarter ending in March, Fiverr said it expects revenue in the range of $91.5 million to $93.5 million.

The company expects full-year revenue in the range of $379 million to $387 million.


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