Millennial Media Inc Issues Q2, FY 2012 Guidance Below Analysts' Estimates

Millennial Media Inc announced that for the second quarter of 2012, it expects revenue to be in the range of $37 million to $38 million and adjusted EBITDA, which excludes stock-based compensation, to be between $(3.2) million and $(3.5) million. For fiscal 2012, it expects revenue to be in the range of $173 million to $176 million and adjusted EBITDA, which excludes stock-based compensation, to be between $(3.0) million and $(4.0) million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $41 million and EBITDA of $(1.41) million; revenue of $196 million and EBITDA of $(0.39) million for fiscal 2012.