Brief: Opera Q1 revenues, earnings miss forecast

Otello ASA

11/05/2017 06:01

May 11 (Reuters) - Opera Software Asa  OPERA.OL  
    * q1 revenues $107 million (Reuters poll $126 million) 
    * q1 adjusted ebitda $0.5 million (Reuters poll $9.5 
million) 
    * sees 2017 revenues at usd 550-650 million versus guidance 
of $550 million-650 million in march (Reuters poll $592 million) 
    * sees 2017 adjusted ebitda at usd 50-70 million versus 
guidance of $50 million-$70 million in march (Reuters poll $61.3 
million) 
    * sees 2017 adjusted ebitda margin 9-11 percent versus 9-11 
percent seen in march 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8ddSd5 
Further company coverage:  OPERA.OL  
 
 ((terje.solsvik@thomsonreuters.com;))