UPDATE 1-OpenTable Q3 profit beats Street view; shares rise

* Q3 adj EPS $0.23 vs $0.15

* Revenue up 44 pct

* Shares up 11 pct in after-market trade

Nov 2 (BestGrowthStock) – OpenTable Inc (OPEN.O: ), the restaurant
reservation platform, reported a higher third-quarter profit (Read more your timing to make a profit.)
that topped Wall Street estimates as more restaurants used its
services, sending its shares up 11 percent in extended trade.

The San Francisco-based company reported a net profit of
$3.8 million, or 16 cents a share, compared with $896,000, or 4
cents a share, a year ago.

Excluding items, the company earned 23 cents a share.

Revenue rose 44 percent to $24.5 million.

Analysts had expected a profit of 15 cents a share,
excluding exceptionals, on revenue of $23.2 million, according
to Thomson Reuters I/B/E/S.

The company’s installed restaurant base as of Sept. 30 was
up 31 percent at 15,246, and seated diners jumped 54 percent to
15.9 million.

The company generates substantially all of its revenue from
its restaurant customers. OpenTable’s revenue includes monthly
subscription fees and a fee for each restaurant guest seated
through online reservations.

OpenTable stock, which has more than doubled in value this
year, rose to $68.21 Tuesday in trading after the bell. The
stock closed at $61.40 on Nasdaq.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-OpenTable Q3 profit beats Street view; shares rise