Pros Holdings Inc Issues Q1 2013 Guidance Above Analysts' Estimates

Pros Holdings Inc announced that for the first quarter of 2013, it anticipates, total revenue in the range of $32.7 million to $33.3 million, GAAP income from operations of $0.3 million to $0.9 million and GAAP earnings per share of $0.05 to $0.06. GAAP earnings per share includes a tax benefit of approximately $1.1 million related to the 2012 R&E tax credit recorded in the first quarter 2-13. Non-GAAP income from operations of $3.4 million to $4.0 million, which excludes estimated non-cash share-based compensation charges of approximately $3.1 million for the first quarter of 2013 and Non-GAAP earnings per share, which includes the full impact of the 2012 R&E tax credit recorded in the first quarter, is expected to be $0.12 to $0.14 for the first quarter of 2013. Excluding the 2012 R&E tax credit, non-GAAP earnings per share is expected to be $0.08 to $0.10 for the first quarter of 2013. On a non-GAAP basis there will be essentially no tax provision in the quarter. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $32.0 million, net income of $2.9 million and EPS of $0.10 for the first quarter of 2013.