Telenav Inc (TNAV) Releases Earnings Results, Beats Expectations By $0.06 EPS

Telenav Inc (TNAV) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.24. The company posted revenue of $46.30 million in the period, compared to analysts expectations of $44.78 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Telenav Inc closed down -0.01 points or -0.18% at $5.69 with 1,07,096 shares getting traded on Monday. Post opening the session at $5.76, the shares hit an intraday low of $5.65 and an intraday high of $5.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 8, 2016, Rohan Chandran (VP, Mobile) sold 7,405 shares at $6.12 per share price. According to the SEC, on Feb 25, 2016, Loren E Hillberg (General Counsel) sold 4,803 shares at $5.75 per share price. On Sep 28, 2015, Salman Dhanani (Co-Pres. Automotive Bus Unit) sold 5,000 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TeleNav Inc. provides of location-based platform services consisting of map and navigation platform and advertising delivery platform. The Company’s map and navigation platform delivers location based services to developers auto manufacturers and end users. The Company’s uses map and navigation platform as the basis for delivering enhanced mobile applications. The Company offers its map and navigation platform services to auto manufacturers and original equipment manufacturers for distribution with their vehicles. The Company’s advertising delivery platform delivers targeted advertising services leveraging its location expertise. The advertising delivery platform offers advertisers significant audience reach sophisticated targeting capabilities and the ability to deliver interactive and engaging ad experiences to consumers on their mobile devices. The Company provides services in Automotive Navigation Advertising Network Services and Mobile Navigation Services.

Telenav Inc

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