Sunshine Heart Inc (SSH) Releases Earnings Results, Beats Expectations By $0.05 EPS

Sunshine Heart Inc (SSH) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.26 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 $-0.31. The company’s revenue was down -100.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Sunshine Heart Inc. Shares were Reiterated by Piper Jaffray on Mar 4, 2016 to “Overweight” and Lowered the Price Target to $ 4 from a previous price target of $10 .

Sunshine Heart Inc closed down -0.0604 points or -8.50% at $0.65 with 1,83,090 shares getting traded on Monday. Post opening the session at $0.75, the shares hit an intraday low of $0.6303 and an intraday high of $0.7799 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 17, 2016, John L Erb (CEO) purchased 2,500 shares at $0.91 per share price. According to the SEC, on Aug 14, 2015, Brian Brown (SVP, Technology & Operations) purchased 4,000 shares at $2.80 per share price. On Aug 13, 2015, Paul Buckman (director) purchased 10,000 shares at $2.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Sunshine Heart Inc

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