EPIQ Systems (EPIQ) Releases Earnings Results, Beats Expectations By $0.06 EPS

EPIQ Systems (EPIQ) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.14. The company posted revenue of $131.50 million in the period, compared to analysts expectations of $120.31 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

EPIQ Systems closed down -0.24 points or -1.62% at $14.53 with 94,145 shares getting traded on Monday. Post opening the session at $14.8, the shares hit an intraday low of $14.46 and an intraday high of $14.96 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Epiq Systems Inc. is a global provider of integrated technology solutions for the legal profession. The Company offers these capabilities across a variety of practice areas including bankruptcy litigation class action antitrust investigations and regulatory compliance. It offers managed technology solutions for eDiscovery document review and legal notification. The Company operates in two segments: the Technology segment which provides eDiscovery managed services and technology solutions comprised of consulting collections and forensics processing search and review production of documents and document review services to companies and law firms and the Bankruptcy and Settlement Administration segment which provides managed services and technology solutions that address the needs of its customers with respect to litigation claims and project administration compliance matters controlled disbursements corporate restructuring bankruptcy and class action proceedings.

EPIQ Systems

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