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TrueCar: 4Q Earnings Snapshot

SANTA MONICA, Calif. (AP) _ TrueCar Inc. (TRUE) on Thursday reported a loss of $6.4 million in its fourth quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The provider of localized information on new car costs posted revenue of $91.1 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $96.2 million.

For the year, the company reported that its loss narrowed to $28.3 million, or 28 cents per share. Revenue was reported as $353.6 million.

For the current quarter ending in April, TrueCar said it expects revenue in the range of $84 million to $86 million.

The company expects full-year revenue in the range of $371 million to $378 million.

TrueCar shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.24, a decline of 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRUE at https://www.zacks.com/ap/TRUE