NEW YORK (TheStreet) -- Shares of RetailMeNot (SALE) were falling 18.1% to $16.70 after-hours Monday after the company guided below analysts' estimates for revenue in the fourth quarter, and despite beating estimates for the third quarter.
For the third quarter the marketing services company reported earnings of 16 cents a share, beating the 13 cents a share analysts surveyed by Thomson Reuters expected by 3 cents. Revenue grew 19.3% year over year to $56.47 million for the quarter, beating analysts' estimates of $56 million.
Looking to the fourth quarter, RetailMeNot expects revenue of $84.7 million to $86.7 million, below analysts' estimates of $90.84 million for the quarter.
TheStreet Ratings team rates RETAILMENOT INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate RETAILMENOT INC (SALE) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and unimpressive growth in net income."
You can view the full analysis from the report here: SALE Ratings Report