Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Rentrak  were on the right track today, finishing up 15% after a strong quarterly earnings report.

So what: The viewership-measurement service said revenue jumped 31% to $29.5 million, better than estimates, as sales in its TV Essentials category grew 74% to $7.2 million. Rentrak also posted a much smaller loss than expected at $0.05 a share, versus expectations of $0.14. CEO Bill Livek said, "We are highly confident that our strong leadership position in precisely measuring movies will Rentrak to continue being a high-growth company."


Now what: Livek added, "We believe we are in the early stage of very substantial revenue growth." Rentrak seems to be carving out a unique niche for itself by providing entertainment companies with info on how well a film did in specific cities and other up-to-date results. While the company is still posting losses, it is certainly headed for profitability as its performance was much better than a year ago, when it lost $1.56 a share. I'd say is Rentrak is one to keep your eye on.

Stocks for serious growth
Tired of watching your stocks creep up year after year at a glacial pace? Motley Fool co-founder David Gardner, founder of the No. 1 growth stock newsletter in the world, has developed a unique strategy for uncovering truly wealth-changing stock picks. And he wants to share it, along with a few of his favorite growth stock superstars, WITH YOU! It's a special 100% FREE report called "6 Picks for Ultimate Growth." So stop settling for index-hugging gains... and click HERE for instant access to a whole new game plan of stock picks to help power your portfolio.

The article Why Rentrak Shares Shot Up originally appeared on Fool.com.

Fool contributor Jeremy Bowman has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Basics Of The Stock Market

Stock Market 101 - everything you need to know but were afraid to ask!

View Course »

Add a Comment

*0 / 3000 Character Maximum