- Along with its Q1 results, ChannelAdvisor (NYSE:ECOM) has announced co-founder Scott Wingo is stepping down as CEO, albeit while remaining chairman. COO David Spitz is the e-commerce service provider's new CEO.
- ChannelAdvisor closed AH trading up 9.8% to $11.00 in the wake of its Q1 beat, guidance, and CEO announcement. Q2 revenue guidance is light $21.4M-$21.8M vs. a $23.2M consensus - but full-year sales guidance of $94M-$97M is in-line with a $95.9M consensus. With shares down over 75% from early-2014 levels, the full-year outlook has been well-received.
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Q1 results, earnings release, CC transcript