Glori Energy (GLRI) Tops Q3 EPS by 7c

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Go back to Glori Energy (GLRI) Tops Q3 EPS by 7c

Glori Energy (GLRI) Reports In-Line 3Q EPS; Baird Cuts Price Target to $4

November 9, 2015 9:55 AM EST

Baird maintained an Outperform rating on Glori Energy (NASDAQ: GLRI), and cut the price target to $4.00 (from $6.00), following the company's 3Q earnings. Revenue was $2.0M vs. consensus estimates of $3.0M. Non-GAAP EPS was ($0.10), in-line with consensus of ($0.10). GLRI continues to expect initial... More