Opera says fourth-quarter results should exceed guidance
Browser company Opera Ltd. announced Monday morning that it expects fourth-quarter revenue and earnings to top its previously issued forecast. The company originally had been modeling fourth-quarter revenue of $45 million to $47 million and fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $10 million to $12 million. “We continued to exceed our expectations both on users and monetization, leading to a significant acceleration in our year-over-year search & advertising growth rates,” Co-Chief Executive Song Lin said in a release. Opera plans to report full fourth-quarter results Feb. 25. Its shares are off 0.8% in Monday morning trading. They’ve slipped 1% over the past three months as the S&P 500 has risen 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.