ReachLocal (RLOC) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.14. The company posted revenue of $78.70 million in the period, compared to analysts expectations of $77.70 million. The company’s revenue was down -21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.35 EPS.
ReachLocal opened for trading at $1.56 and hit $1.83 on the upside on Monday, eventually ending the session at $1.76, with a gain of 11.39% or 0.18 points. The heightened volatility saw the trading volume jump to 35,865 shares. Company has a market cap of $53 M.
In a different news, on Nov 10, 2015, Kristopher Barton (Chief Product Officer) sold 8,080 shares at $0.82 per share price. According to the SEC, on Nov 10, 2015, Ross Landsbaum (Chief Financial Officer) sold 11,210 shares at $0.82 per share price. On Aug 7, 2015, Paras Maniar (Chief Strategy Officer) purchased 8,000 shares at $2.98 per share price, according to the Form-4 filing with the securities and exchange commission.
ReachLocal Inc. (ReachLocal) offers a technology suite of online marketing and reporting solutions designed to deliver efficacy and insight to its clients. The Company’s total digital marketing solution consists of products and solutions in three categories: software (ReachEdge and Kickserv) digital advertising (including ReachSearch ReachDisplay and ReachRetargeting) and Web presence (including ReachSite + ReachEdge ReachSEO ReachCast and TotalLiveChat). The Company’s software products are designed to enable its clients to assess the efficacy of marketing efforts and to facilitate interactions with the customers. The Company’s digital advertising products are designed to drive customers to its clients. The Company’s suite of Web presence products are designed to enhance the profile of its clients on the Internet.