OpenTable Q4 Profit Up - Quick Facts

(RTTNews) - OpenTable, Inc. (OPEN) Thursday reported fourth-quarter profit of $10.3 million or $0.43 per share, up from $7.46 million or $0.32 per share in the same period last year.

Adjusted earnings for the quarter were $14.3 million or $0.59 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.52 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 22 percent to $52.3 million from $42.97 million last year. Analysts expected revenues of $51.52 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.24 to $0.28 per share, with adjusted earnings in the order of $0.39 to $0.43 per share.

Revenues are expected to be in the range of $53.3 million to $54.9 million. Analysts currently expect the company to earn $0.54 per share on first-quarter revenues of $54.32 million.

For the fiscal year 2014, the company currently projects earnings in the range of $1.09 to $1.29 per share, with adjusted earnings ranging between $1.71 and $1.92 per share.

Revenues are expected to be in the range of $221.0 million to $229.0 million. Analysts currently expect the company to report full-year earnings of $2.21 per share on revenues of $222.98 million.

Additionally, the company said it has acquired Ness Computing, Inc., a provider of mobile personalized restaurant recommendations, for approximately $17.2 million in cash, or $11.3 million net of estimated Ness cash.

The acquisition supports the Company's focus on continuing to enhance the ways it helps diners discover and book the perfect table and powers more personalized hospitality for guests.