Perion Network Ltd (PERI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Perion Network Ltd (PERI) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.04. The company posted revenue of $75.80 million in the period, compared to analysts expectations of $70.34 million. The company’s revenue was up 45.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Perion Network Ltd closed down -0.06 points or -3.85% at $1.5 with 59,816 shares getting traded on Friday. Post opening the session at $1.53, the shares hit an intraday low of $1.49 and an intraday high of $1.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Perion Network Ltd. (Perion) is a global performance-based media and Internet company. The Company is engaged in providing online publishers and application (app) developers advanced technology and a range of intelligent data-driven solutions to monetize their application or content and expand their reach to audiences. The Company’s software monetization platform Perion Codefuel enables digital businesses to optimize installs analyze data and maximize revenue. The Company advertising mobile marketing business enables developers to make decisions on where to spend advertising budgets. The Company is also developing other platforms and software to enable mobile application developers optimize and monetize their existing user base. The Company’s products include IncrediMail and Smilebox.

Perion Network Ltd

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