Silver Spring Networks (SSNI) Tops Q3 EPS by 8c

Silver Spring Networks (NYSE: SSNI) reported Q3 EPS of $0.13, $0.08 better than the analyst estimate of $0.05. Revenue for the quarter came in at $74.2 million versus the consensus estimate of $75.29 million.

“We had another strong quarter, expanding our footprint by approximately 569,000 endpoints, commencing a large smart grid project, and winning additional awards since our last report,” said Mike Bell, President and CEO, Silver Spring Networks. “Our third 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 extend Silver Spring’s platform and solutions into the broader Internet of Important Things™ opportunity.”

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

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