National Research Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Effective Income Tax Rate Guidance for the Full Year 2016
National Research Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of $27.870 million against $26.270 million a year ago. Operating income was $8.006 million against $5.829 million a year ago. Income before income taxes was $8.006 million against $5.782 million a year ago. Net income was $5.173 million or $0.12 per diluted class A share and $0.73 per diluted class B share against $3.480 million or $0.08 per diluted class A share and $0.49 per diluted class B share a year ago. Basic and diluted combined earnings per share were $0.21 against $0.14 a year ago.
For the full year 2016, the company's depreciation and amortization expense as a percentage of revenue is expected to be 3% for the full year in 2016. The effective income tax rate is expected to be 35.5% to 36% for the full year 2016.