Velti (VELT) now -21.7% AH in response to its Q3 report. In addition to missing EPS estimates,...
Velti (VELT) now -21.7% AH in response to its Q3 report. In addition to missing EPS estimates, the mobile ad agency said it will divest assets in regions with very high collection times (the PIIGS, North Africa, the Middle East) for $23.5M or more. Velti's collection times have long worried many investors. Thanks to the deal, Velti is hoping to see its DSO fall below 180 days (still high) by the end of 2013, compared with Q3's 242 days. It expects Q4 revenue from continuing ops of $97M-$113M, compared with a consensus for total revenue of $121.2M. CC underway (webcast). (slides) (PR)
Check out Seeking Alpha’s new Earnings Center »
From other sites
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs