MeetMe Inc (MEET) Releases Earnings Results, Beats Expectations By $0.01 EPS

MeetMe Inc (MEET) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.03. The company posted revenue of $13.30 million in the period, compared to analysts expectations of $12.80 million. The company’s revenue was up 14.7% compared to the same quarter last year.

MeetMe Inc (MEET) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.53 and reached the intraday high at $3.62. The bulls started the profit booking and pushed the shares to intraday low of $3.46. The trading session was marked by a volume range of 12,03,016 shares exchanging hands. The 52-week high of the shares is $4.54 and the 52-week low is $1.32. The market cap of the company stands at $169 M and there are 4,76,90,046 shares in public circulation.

In a different news, on Apr 22, 2016, Jason Whitt (director) sold 2,783 shares at $3.31 per share price. According to the SEC, on Apr 22, 2016, Jean B Clifton (director) sold 2,783 shares at $3.31 per share price. On Apr 20, 2016, William Alena (Chief Revenue Officer) sold 5,669 shares at $3.30 per share price, according to the Form-4 filing with the securities and exchange commission.

MeetMe Inc. is a location-based social network for meeting new people both on the Web and on mobile platforms including on iPhone Android iPad and other tablets that facilitate interactions among users. The Company is a social media technology company that owns and operates The Company monetizes through advertising in-app purchases and paid subscriptions. The Company provides users with access to a menu of resources that promote social interaction information sharing and other topics of interest to users. The Company had approximately 4.98 million monthly active users (MAUs). The Company offers online marketing capabilities which enable marketers to display their advertisements in different formats and in different locations. The Company works with its advertisers to maximize the effectiveness of their campaigns by optimizing advertisement formats and placement.

MeetMe Inc

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