Care.com Takes Baby Steps toward Becoming Profitable
Last week, 9-year-old Care.com (NYSE: CRCM) released its quarterly earnings report, its first with new Chief Financial Officer Michael Echenberg at the helm. The earnings report was anxiously awaited by investors who have seen the company’s stock price plummet by more than 70% since the company went public in January 2014, says the Boston Business Journal. There is some good news, though the company has a long way to go to be profitable. In its second quarter…
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