May I have your comments on the latest quarter from NBLY?
EPS of nil missed estimates of 10c. Revenue of $178M was marginally below estimates. EBITDA of $19.7M matched. Sales rose 97% with the Rubicon acquisition and same-store sales growth of 3.6%. Vacanies were lower. NBLY upped its margin guidance as it expects to make progress on the labour front, and this boosted the shares. It now has 284 locations, and the acquisition appears to be working out quite well. The stock is still down sharply on the year, but the forecast implies the worst may be over here. (5iResearch)