Ellie Mae (ELLI) Tops Q1 EPS by 25c; Issues Mixed Outlook
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April 26, 2018 4:05 PM EDT
PLEASANTON, Calif.--(BUSINESS WIRE)--
Ellie Mae® (NYSE: ELLI), the leading cloud-based platform
provider for the mortgage finance industry, today reported results for
the first quarter ended March 31, 2018. On January 1, 2018, Ellie Mae
adopted Accounting Standards Codification (ASC) 606, Revenue from
Contracts with Customers, using the modified retrospective method.1
The first quarter of 2018 financial results herein are presented under
ASC 606, which replaced the previous accounting standard ASC 605,
Revenue Recognition, and the first quarter of 2017 financial results are
presented under ASC 605. A reconciliation of the first quarter 2018
results under ASC 606 and ASC 605, as well as a reconciliation of other... More
