Safeguard Scientifics (SFE) Misses Q2 EPS by 13c

Safeguard Scientifics (NYSE: SFE) reported Q2 EPS of ($1.21), $0.13 worse than the analyst estimate of ($1.08).

"During the second quarter, and in the interim since the end of the quarter, the Company took some significant steps forward in executing its new strategy", said Brian J. Sisko, Safeguard President and CEO. "As we previously announced, we sold a portion of our stake in MediaMath back to the company in a transaction that was very profitable for us and is in many ways mutually beneficial for us and MediaMath going forward\". Mr. Sisko went on to add "We also accomplished two additional monetization transactions involving AdvantEdge Healthcare Solutions and Cask Data. The three transactions illustrate our commitment to pursue non-traditional as well as traditional approaches to maximizing the overall value of our partner company holdings and to take advantage as opportunities arise, if doing so serves our overall strategy. We remain encouraged by the progress of our remaining Partner Companies as a whole and we are committed to supporting these Partner Companies through their continued maturation and their ultimate monetization in due course."

For earnings history and earnings-related data on Safeguard Scientifics (SFE) click here.

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