Sphere 3D Corp. (ANY) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Sphere 3D Corp. (ANY) reported quarterly earnings results on Thursday, May-12-2016. The company reported $-0.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.15. The company posted revenue of $19.70 million in the period, compared to analysts expectations of $24.70 million. The company’s revenue was down -2.0% compared to the same quarter last year.

Sphere 3D Corp. opened for trading at $1.16 and hit $1.18 on the upside on Tuesday, eventually ending the session at $1.18, with a gain of 2.60% or 0.0299 points. The heightened volatility saw the trading volume jump to 83,129 shares. Company has a market cap of $53 M.

Sphere 3D Corp.

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