Jefferies Slashes Numbers on Eros International (EROS) But Keeps 'Buy'

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Go back to Jefferies Slashes Numbers on Eros International (EROS) But Keeps 'Buy'

Eros International Plc Reports Second Quarter Fiscal Year 2016 Results

November 17, 2015 8:15 AM EST

ISLE OF MAN, United Kingdom--(BUSINESS WIRE)-- Eros International Plc (NYSE: EROS) (Eros or the Company), a leading global company in the Indian film entertainment industry, today reported its quarterly financial results for the three and six months ended September 30, 2015.

Financial Highlights

Three Months Ended September 30, 2015

Revenues increased by 97.9% to $98.8 million, compared to $49.9 million in the prior year period. Currency comparable revenues increased by 129.6%. Adjusted EBITDA increased by 159.5% to $36 million, compared to $13.9 million in the prior year period.(1) Net income increased by... More