Ellie Mae (ELLI) Tops Q1 EPS by 25c; Issues Mixed Outlook
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Ellie Mae Reports First Quarter 2018 Results
April 26, 2018 4:05 PM EDTPLEASANTON, 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
