Zipcar (ZIP -8.9%) is making new post-IPO lows following its Q1 report. Weighing on investors is...

|By:, SA News Editor

Zipcar (ZIP -8.9%) is making new post-IPO lows following its Q1 report. Weighing on investors is the company's guidance for Q2 revenue of $71M-$74M and net income of -$1M to $1M, which doesn't compared favorably with a consensus of $73.8M in revenue and $0.02 in EPS. In addition, Zipcar's Q1 revenue growth in its 4 "Established Markets" slightly exceeded total growth, which suggests newer markets may be underperforming.