Ellie Mae (ELLI) Tops Q2 EPS by 9c
Ellie Mae (NYSE: ELLI) reported Q2 EPS of $0.64, $0.09 better than the analyst estimate of $0.55. Revenue for the quarter came in at $90.1 million versus the consensus estimate of $85.79 million.
“Second quarter results exceeded expectations across revenue, bookings and profitability,” said Jonathan Corr, president and CEO of Ellie Mae. “Our results are reflective of the mortgage industry’s transformation toward technology-driven solutions and our expanded market leadership. Our business also benefits from an improving housing and origination market. With the strong first half complete, we are raising our 2016 full year guidance.”
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