Emerald Expositions Reports Second Quarter 2019 Financial Results
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Emerald Expositions Events (EEX) PT Lowered to $10.50 at Citi
August 5, 2019 3:10 AM EDTCiti analyst Peter Christiansen lowered the price target on Emerald Expositions Events (NYSE: EEX) to $10.50 (from $11.50) while maintaining a Neutral rating.
... MoreEmerald Expositions Events, Inc. (EEX) Tops Q2 EPS by 4c, Revenues Beat; Offers FY19 EPS/Revenue Guidance Below Consensus
August 1, 2019 6:29 AM EDTEmerald Expositions Events, Inc. (NYSE: EEX) reported Q2 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $103 million versus the consensus estimate of $97.31 million.
Second Quarter 2019 Highlights
Revenues increased 31.4% to $103.0 million, compared to $78.4 million for second quarter 2018Net income increased 93.2% to $11.4 million, compared to $5.9 million for second quarter 2018Net cash provided by operating activities decreased 16.0% to $28.4 million, compared to $33.8 million for second quarter 2018Adjusted EBITDA, a non-GAAP measure, decreased 15.7% to $41.2 million, compared to $48.9 million for second quarter 2018Adjusted Net Income, a non-GAAP measure,... More