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Constant Contact Inc. (Nasdaq: CTCT) reported earnings Thursday, beating analyst estimates with fourth-quarter income of $1.7 million on $47.5 million in sales – a 30 percent increase in revenue compared to the same period in 2009. In Q4 2009, Constant Contact lost $1.8 million. Earnings amounted to 5 cents per diluted share.
However, the Waltham email marketing software provider lost a little in after-hours trading, according to reports which blamed the negative activity on lower-than-expected guidance for the first quarter of 2011.
Constant Contact projected earnings of 3 cents per share to 4 cents per share on total revenue of $49.9 million to $50.2 million in Q1, which ends March 31. According to TradingMarkets.com and EarningsWhispers, the current consensus earnings estimate for the quarter is 8 cents per share on revenue of $50.1 million.
In December, Boston Business Journal reported Constant Contact was targeted by short sellers, with 37 percent of the company’s outstanding float shares in a short position.
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