Criteo SA (ADR) (CRTO) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.35. The company posted revenue of $162.00 million in the period, compared to analysts expectations of $159.60 million. The company’s revenue was up 36.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Criteo SA (ADR). Citigroup Initiated Criteo SA (ADR) on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $56.
Criteo SA (ADR) opened for trading at $42.04 and hit $42.7 on the upside on Monday, eventually ending the session at $42.57, with a gain of 2.11% or 0.88 points. The heightened volatility saw the trading volume jump to 3,93,914 shares. Company has a market cap of $2,660 M.
In a different news, on Apr 26, 2016, Benoit Fouilland (Chief Financial Officer) sold 876 shares at $41.37 per share price. According to the SEC, on Apr 26, 2016, Romain Niccoli (Chief Technology Officer) sold 15,385 shares at $42.03 per share price. On Apr 26, 2016, Eric Eichmann (Chief Executive Officer) sold 10,000 shares at $43.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Criteo S.A. (Criteo) is a global technology company specializing in digital performance marketing. The Company’s solution consists of the Criteo Engine the Company’s data assets access to inventory and its advertiser and publisher platforms. The Criteo Engine consists of multiple machine learning algorithms-in particular prediction and recommendation algorithms-and the global hardware and software infrastructure. The Company delivers its solution through a range of marketing channels including display advertising banners delivered on Web browsers display advertising banners delivered on social platforms display advertising banners delivered in mobile applications and marketing e-mail messages delivered to opt-in e-mail addresses. The Company operates in 69 countries through a network of 21 international offices located in Europe the Americas and the Asia- Pacific region.