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'

Street Watchdog Research Remains Short Eros Int'l (EROS); $4 PT

November 20, 2015 12:04 PM EST

Street Watchdog Research said they remain short Eros Int'l (NYSE: EROS), saying they have not received copies of the accountants opinion letters despite numerous requests.

"We now even more strongly believe EROS financial statements do NOT accurately or fairly represent their financial... More

Eros Int'l (EROS) Posts Q2 EPS of 12c/ADS; Sees Being FCF Positive by End of FY16

November 17, 2015 8:16 AM EST

(Updated - November 17, 2015 8:19 AM EST)

Eros Int'l (NYSE: EROS) reported Q2 EPS of $0.123, $0.27 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $98.8 million versus the consensus estimate of $90.71 million.

Adjusted EBITDA increased by 159.5% to $36 million, compared to $13.9 million... More