Perion Reports EPS of $0.11 for the Second Quarter of 2019

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Go back to Perion Reports EPS of $0.11 for the Second Quarter of 2019

Perion Network (PERI) Tops Q2 EPS by 14c, Revenues Beat

August 7, 2019 7:22 AM EDT

Perion Network (NASDAQ: PERI) reported Q2 EPS of $0.17, $0.14 better than the analyst estimate of $0.03. Revenue for the quarter came in at $62.6 million versus the consensus estimate of $58.65 million.

Revenues of $63.6 million, increased 1% year-over-year, representing the first quarter of growth in the last three years;GAAP Net Income of $2.9 million, increased 194% year-over-year;GAAP Earnings Per Share of $0.11, increased 267% year-over-year;Net cash provided from operations were $8.4 million, up 194% year-over-year;Net cash Increased from $2.7 million to $21.3 million in the last 6 months;Management Increases 2019 Adjusted EBIDTA Guidance to $25-27... More