Ziff Davis reports Q3 adjusted EPS $1.76, consensus $1.79

After the market closed on Thursday night, Ziff Davis (ZD) reported Q3 revenue $363.7M, consensus $366.86M. Ziff Davis stated that is has engaged outside advisors “to assist in evaluating value-creating opportunities, including the potential sale of entire divisions of the company,” adding that no final decisions have been made to date, and there is no assurance that any transactions will occur. The company also intends to continue its share repurchase program. “During the third quarter, we delivered our fifth consecutive quarter of revenue growth and generated strong free cash flow,” said Vivek Shah, CEO. “In addition, we continue to pursue multiple avenues to create value for our shareholders and look forward to working with our advisors to assess interest in certain of our businesses.” Shares of Ziff Davis were down over 1% in Friday’s trading session.