AutoNavi Holdings Beats on Both Top and Bottom Lines

AutoNavi Holdings (Nasdaq: AMAP  ) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AutoNavi Holdings beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.

Margins dropped across the board.

Revenue details
AutoNavi Holdings logged revenue of $43.6 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $39.8 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $34.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.22. The three earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. Non-GAAP EPS of $0.22 for Q4 were 57% higher than the prior-year quarter's $0.14 per share. GAAP EPS of $0.16 for Q4 were 23% higher than the prior-year quarter's $0.13 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 70.7%, 210 basis points worse than the prior-year quarter. Operating margin was 20.2%, 240 basis points worse than the prior-year quarter. Net margin was 19.9%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $38.8 million. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $175.1 million. The average EPS estimate is $0.99.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 25 members out of 37 rating the stock outperform, and 12 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give AutoNavi Holdings a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AutoNavi Holdings is buy, with an average price target of $17.59.

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