Perion Reports $0.11 in EPS for the Third Quarter of 2019; Generating $33.5 Million Cash from Operations Year to Date Compared to $32.8 Million for the Entire 2018

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Go back to Perion Reports $0.11 in EPS for the Third Quarter of 2019; Generating $33.5 Million Cash from Operations Year to Date Compared to $32.8 Million for the Entire 2018

Perion Network (PERI) Tops Q3 EPS by 11c, Revenues Beat

November 6, 2019 6:37 AM EST

Perion Network (NASDAQ: PERI) reported Q3 EPS of $0.18, $0.11 better than the analyst estimate of $0.07. Revenue for the quarter came in at $65.8 million versus the consensus estimate of $64.33 million.

Third Quarter 2019 Highlights:

Total Revenues of $65.8 million, increased 15% year-over-year;GAAP Net Income of $2.9 million, increased 31% year-over-year;GAAP Earnings Per Share of $0.11, increased 38% year-over-year;Net cash from operations were $11.1 million, increased 1% year-over-year;Management is reaffirming its full-year guidance for Adjusted EBITDA of $25-27 million and now expects to reach or exceed the top end of the... More