Tucows (USA) (TCX) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.34. The company posted revenue of $45.61 million in the period, compared to analysts expectations of $47.05 million. The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Tucows (USA) closed down -0.43 points or -1.85% at $22.79 with 13,758 shares getting traded on Friday. Post opening the session at $23.22, the shares hit an intraday low of $22.66 and an intraday high of $23.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 25, 2016, Joichi Ito (director) sold 7,500 shares at $20.07 per share price. According to the SEC, on Nov 23, 2015, Michael Cooperman (CFO) sold 34,632 shares at $24.50 per share price. On Sep 25, 2015, David John Woroch (EVP Wholesale) sold 2,000 shares at $24.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Tucows Inc. is an Internet services provider. The Company focuses on serving the needs of network of resellers by providing services interfaces customer service reseller-oriented technology and design and development processes. The Company also provides second tier support to its resellers by e-mail and phone in the event resellers experience issues or problems with its services. In addition the Company’s Network Operating Center provides support to its resellers by monitoring services and network infrastructure. The Company operates two segments: Domain Services and Network Access Services. The Company’s primary distribution channel is a network of more than 13000 resellers in over 100 countries. The Company focuses its service offerings under four brands: OpenSRS YummyNames Hover and Ting.