PROS Holdings (PRO) Releases Earnings Results, Beats Expectations By $0.07 EPS

PROS Holdings (PRO) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.34. The company posted revenue of $37.90 million in the period, compared to analysts expectations of $36.55 million. The company’s revenue was down -15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on PROS Holdings. Shares were Reiterated by Needham on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $25 .PROS Holdings was Upgraded by Craig Hallum to ” Hold” on Feb 10, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $28 .

PROS Holdings opened for trading at $11.87 and hit $11.87 on the upside on Monday, eventually ending the session at $11.84, with a gain of 0.68% or 0.08 points. The heightened volatility saw the trading volume jump to 2,30,348 shares. Company has a market cap of $356 M.

In a different news, on Sep 1, 2015, Leslie J Rechan (director) purchased 10,000 shares at $22.00 per share price. According to the SEC, on Jun 1, 2015, Stefan B Schulz (CFO) purchased 3,500 shares at $19.50 per share price.

PROS Holdings Inc. provides big data software applications designed to help companies outperform in its markets by using big data. The Company offers big data software applications to analyze execute and optimize sales pricing quoting rebates and revenue management. The Company also provides professional services to implement its software applications as well as business consulting. In addition the Company provides product maintenance and support to its customers to receive unspecified upgrades maintenance releases and bug fixes during the term of the support period on a when-and-if-available basis. The Company provides its big data software applications to enterprises across a range of industries including manufacturing distribution services and travel.

PROS Holdings

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