The company reported earnings of 15 cents a share for the quarter, beating the Capital IQ Consensus Estimate of 3 cents a share by 12 cents. Revenue grew 32% from the year-ago quarter to $114.3 million. Analysts expected revenue of $110.36 million for the quarter.
"We've had another great quarter, once again delivering results above our expectations," HomeAway CEO Brian Sharples said in a statement. "We also achieved a significant milestone, reaching one million live listings on our global network of sites."
TheStreet Ratings team rates HOMEAWAY INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HOMEAWAY INC (AWAY) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity."