Ellie Mae (ELLI) Tops Q3 EPS by 13c; Guides Q4 Below Views

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Go back to Ellie Mae (ELLI) Tops Q3 EPS by 13c; Guides Q4 Below Views

Ellie Mae Reports Third Quarter 2018 Results

October 25, 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 results1 for the third quarter ended September30, 2018.

Third Quarter 2018 Highlights

Revenues of $123.0 million, up 15% from $107.0 million in 2017. Net income of $12.4 million, down 14% from $14.5 million in 2017. Adjusted EBITDA of $40.9 million, up 6% from $38.7 million in 2017. 699,000 loans closed on Encompass.2

In the third quarter we grew revenue by 15% and increased revenue per loan 14%... More