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TeleNav beats by $0.04, beats on revs; guides Q3 EPS, revs above consensus; raises FY13 EPS above consensus, raises rev, in-line

4:18 PM ET 1/31/13 | Briefing.com

Reports Q2 (Dec) earnings of $0.11 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.07; revenues fell 4.9% year/year to $50.6 mln vs the $49.87 mln consensus.

Co issues upside guidance for Q3, sees EPS of $0.07-0.09, excluding non-recurring items, vs. $0.03 Capital IQ Consensus Estimate; sees Q3 revs of $52-54 mln vs. $50.04 mln Capital IQ Consensus Estimate.

Co issues guidance for FY13, raises EPS to $0.26-0.33, excluding non-recurring items, from $0.19-0.28 vs. $0.22 Capital IQ Consensus Estimate; raises FY13 revs to $193-197 mln from $190-200 mln vs. $196.60 mln Capital IQ Consensus Estimate.