Boenning & Scattergood Downgrades YuMe, Inc. (YUME) to Underperform
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YuMe (YUME) Misses Q3 EPS by 12c; Announces Exec. Changes, Restructuring Plan
November 9, 2016 4:29 PM ESTYuMe (NYSE: YUME) reported Q3 EPS of ($0.13), $0.12 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $35 million versus the consensus estimate of $41 million.
Executive and Board of Directors Changes, Restructuring Plan Announced
The Company announced today that Jayant Kadambi will no longer serve as YuMes Chairman of the Board and Chief Executive Officer, effective immediately. Mr. Kadambi will remain on the Board. Additionally, Jim Soss, Executive Vice President and General Manager, North America, and Hardeep Bindra, Executive Vice President, Operations, will no... More
