Tremor Video (TRMR) Reports Q4 Loss of $0.01; CEO to Resign

Tremor Video (NYSE: TRMR) reported Q4 EPS of ($0.01), versus ($0.05) reported last year. Revenue for the quarter came in at $53.8 million versus the consensus estimate of $47.86 million.

The Company also announced that Bill Day, who has served as Tremor Video’s CEO since 2008, has decided to resign from his position, effective immediately. Mr. Day will continue to serve as a special advisor to the Company and its Board of Directors through June 1, 2017. Non-Executive Chairman of the Board and media industry veteran Paul Caine has been appointed Interim Chief Executive Officer, effective February 9, 2017, and will lead the search along with the Board for the new CEO of the Company. Mr. Day will also resign as a member of the Company’s Board, effective March 1, 2017.

For earnings history and earnings-related data on Tremor Video (TRMR) click here.

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