National Research Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Effective Tax Rate Guidance for the Full Year 2016
For the nine months, the company reported revenue of $81.016 million compared to $75.979 million a year ago. Operating income was $22.363 million compared to $18.741 million a year ago. Income before income taxes was $22.351 million compared to $18.593 million a year ago. Net income was $14.793 million, compared to $11.683 million a year ago. Diluted earnings per A share $0.35 against $0.28 per share a year ago. Diluted earnings per B share $2.08 against $1.65 per share a year ago. Diluted combined earnings per share were $0.60 compared to $0.47 a year ago.
Depreciation and amortization expense as a percentage of revenue has been at 4% and is expected to remain at 4% of revenue for the full year of 2016. The effective income tax rate is expected to be 35% for the full year in 2016.