Silver Spring Networks (SSNI) Tops Q2 EPS by 7c

Silver Spring Networks (NYSE: SSNI) reported Q2 EPS of $0.02, $0.07 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $71.8 million versus the consensus estimate of $68.18 million.

“We had another strong quarter, expanding our footprint by approximately 747,000 endpoints,” said Mike Bell, President and CEO, Silver Spring Networks. “Our second quarter results, and our high-profile awards in 2016, demonstrate the strong position we have built in our smart grid and smart city markets. We see significant potential for continued innovation and growth in our core markets, and a great opportunity to leverage Silver Spring’s technology and platform into the broader Internet of Things opportunity.”

For earnings history and earnings-related data on Silver Spring Networks (SSNI) click here.

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