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Audience Shares Surge on Results Announcement

Friday - 2/1/2013, 3:28am  ET

Trading in the surging shares of Audience was briefly halted after market close today, following the company's announcement of its Q4 and 2012 results. Audience posted nearly $39 million in revenue for the quarter, or more than double the amount of the same period the previous year. Net income was $3.1 million, against a Q4 2011 loss of $5.6 million.

For the full year, top line was $144 million, while net came in at $15 million. Those numbers for 2011 were $98 million and $8 million, respectively.

Audience provided guidance for its current quarter that indicated a continuation of that strong revenue growth. For Q1, the firm expects that top line will come in at $43 million-$46 million, and net profit will be $1.9 million-$2.9 million.

The company's stock surged by more than 26% on heavy volume in after-hours trading following the results announcement.

This article was originally published as Audience Shares Surge on Results Announcementon Fool.com

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