Support.com (SPRT) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $-0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.09. The company posted revenue of $16.60 million in the period, compared to analysts expectations of $16.12 million. The company’s revenue was down -28.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Support.com opened for trading at $0.975 and hit $0.98 on the upside on Friday, eventually ending the session at $0.9505, with a gain of 0.05% or 0.0005 points. The heightened volatility saw the trading volume jump to 64,399 shares. Company has a market cap of $52 M.
In a different news, on Feb 23, 2016, Elizabeth Cholawsky (CEO) purchased 5,000 shares at $0.79 per share price. According to the SEC, on Nov 2, 2015, Mark Fries (director) purchased 14,000 shares at $1.13 per share price. On Aug 4, 2015, Roop Kalyan Lakkaraju (CFO) purchased 12,300 shares at $1.22 per share price, according to the Form-4 filing with the securities and exchange commission.
Support.com Inc. (Support.com) is a provider of cloud-based software and services that enable technology support for a connected world. The Company offers outsourced support services for service providers retailers and technology companies. Its technology support services programs are designed for both the consumer and small business markets and include computer and mobile device set-up security and support virus and malware removal wireless network set-up and home security and automation system support. Its cloud-based offering Nexus is a SaaS solution for companies to support interactions with their customers using their own or third-party support personnel. It also offers end-user software products including tools and apps designed for most common technology issues including computer and mobile device maintenance optimization and security. Its brands include SUPPORT.COM PERSONAL TECHNOLOGY EXPERTS BUSINESS TECHNOLOGY EXPERTS and NEXUS.