Carbonite, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenue of $81,215,000 compared to $64,026,000 a year ago. Loss from operations was $2,425,000 compared to $2,926,000 a year ago. Net income was $2,003,000 compared to $11,944,000 a year ago. Basic net income per share was $0.06 compared to $0.42 share a year ago. Diluted net income per share was $0.06 compared to $0.40 share a year ago.

The company provided earnings guidance for the second quarter of 2019 and revised earnings guidance for the full year of 2019. For the second quarter of 2019, the company expects GAAP revenue to be in the range of $119 million to $123 million.

For the year 2019, the company now expects GAAP revenue to be in the range of $457 million to $471 million compared to previous guidance to be in the range of $468 million to $482 million.