Remark Holdings Reports Second Quarter 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/5/2026
Go back to Remark Holdings Reports Second Quarter 2018 Results
August 15, 2018 7:58 AM EDT
Roth Capital analyst Darren Aftahi raised the price target on Remark Media (NASDAQ: MARK) to $13.75 (from $13.25) while maintaining a Buy rating following the company's 2Q earnings report. MARK reported 2Q sales/adjusted EBITDA/GAAP EPS of $20.7M/($3.3M)/$0.10, outperforming estimates of... More
August 14, 2018 4:16 PM EDT
Remark Media (NASDAQ: MARK) reported Q2 EPS of $0.10, $0.48 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $20.71 million versus the consensus estimate of $19.36 million.
Revenue increased approximately 20% to $20.7 million, compared to $17.3 million. The increase was primarily due to an increase in the KanKan business and an increase in show ticket revenue in the Travel & Entertainment segment. Total cost and expense was $27.8 million, compared to $21.9 million. The increase was primarily due to an increase in cost of revenue and payroll costs for the KanKan business and an increase...
More
