- Active Network (ACTV) says it has " received expressions of interest from outside parties ranging from an investment ... to an acquisition." The board has created a committee to evaluate its options.
- Though investors are naturally more interested in other matters, Active's guidance is light. Q3 guidance is for revenue of $113M-$116M and a net loss of $4M-$9M, worse than a consensus of $121.6M in revenue and EPS of $0.01. 2013 guidance is for revenue of $451M-$456M and a net loss of $35M-$41M vs. a revenue/EPS consensus of $462.7M and -$0.18.
- Q2 results, PR
Active Network receives "expressions of interest," shares +32.1% AH
Aug 1 2013, 17:17 ET