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 $69.1 million versus the consensus estimate of $67.69 million.

“I’m pleased with our second quarter results, demonstrated by significant gross profit growth, international expansion, and strong cash flow,” said Scott Lang, Chairman, President, and Chief Executive Officer. “Our perseverance and performance has earned us the privileged position as a trusted partner to the leading energy companies around the world. Our fifth generation technology sets us apart in the world of energy and is opening an even broader set of opportunities to become the leader in smart cities and the Internet of Things.”

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

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