Remark Holdings Reports Second Quarter 2018 Results
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Remark Media (MARK) PT Raised to $13.75 at Roth Capital Following 2Q
August 15, 2018 7:58 AM EDTRoth 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
Remark Media (MARK) Tops Q2 EPS by 48c, Revenues Beat
August 14, 2018 4:16 PM EDTRemark 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