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Opera Software ASA Issues Q3 FY 2013 Revenue and EBIT Guidance In-Line With Analysts' Estimates and EBITDA Guidance Above Analysts' Estimates; Raises FY 2013 Revenue, EBITDA and EBIT Guidance


Friday, 16 Aug 2013 01:00am EDT 

Opera Software ASA announced that it has issued its revenue, EBITDA and EBIT guidance for Q3 of fiscal year 2013 and its raised guidance for the entire fiscal year 2013. The Company expects to report for Q3 of fiscal year 2013, revenue to be in the range of USD 73 million to USD 76 million; adjusted EBITDA to be in the range of USD 21 million to USD 23 million, and EBIT to be in the range of USD 14.5 million to USD 16.5 million. For fiscal year 2013 the Company expects to report revenue in the range of USD 290 million to USD 298 million (up from previous guidance of USD 280 million to USD 295 million); adjusted EBITDA in the range of USD 81 million to USD 87 million (up from previous guidance of USD 76 million to USD 84 million), and EBIT in the range of USD 58 million to USD 64 million (up from previous guidance of USD 52 million to USD 62 million). According to I/B/E/S Estimates, analysts on average are expecting the Company to report for Q3 of FY 2013, revenues of USD 73.57 million, EBITDA of USD 19.71 million, EBIT of USD 14.57 million, and for FY 2013, revenues of USD 291.69 million, EBITDA of USD 77.97 million, and EBIT of USD 60.33 million. 

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