Though it beat Q4 revenue estimates and posted in-line EPS, Fleetmatics (FLTX) is guiding for Q1 EPS of $0.14-$0.16 and 2014 EPS of $0.80-$0.85, below consensus estimates of $0.25 and $1.12.
Top-line guidance is healthier - Q1 revenue of $51M-$52.5M vs. a $51.7M consensus, and 2014 revenue of $228M-$230M vs. a $227.9M consensus.
Ramping sales/marketing investments appear to be a culprit for the EPS guidance. Sales/marketing spend rose 52% Y/Y in Q4, outpacing revenue growth of 40% and equaling 32% of revenue.
Q4 results, PR