MakeMyTrip Limited (MMYT) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.73 earnings per share for the quarter, missing the analyst consensus estimate by $-0.19. Analysts had a consensus of $-0.54. The company posted revenue of $58.87 million in the period, compared to analysts expectations of $47.21 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.
Many Wall Street Analysts have commented on MakeMyTrip Limited. MakeMyTrip Limited was Upgraded by Nomura to ” Neutral” on Jun 3, 2016.
MakeMyTrip Limited opened for trading at $16.79 and hit $17.3399 on the upside on Thursday, eventually ending the session at $17.21, with a gain of 1.41% or 0.24 points. The heightened volatility saw the trading volume jump to 1,59,522 shares. Company has a market cap of $727 M.
MakeMyTrip Limited is an online travel company in India. The Company conducts its business principally through its Indian subsidiary MakeMyTrip (India) Private Limited (MMT India). Through its primary Website www.makemytrip.com or MakeMyTrip.com its subsidiaries websites such as www.hoteltravel.com www.makemytrip.ae www.makemytrip.com.sg and other technology-enhanced distribution channels in India including its call centers travel stores and travel agents network travelers can research plan and book a wide range of travel services and products in India as well as overseas. Its services and products include air tickets hotels packages rail tickets bus tickets car hire and ancillary travel requirements such as facilitating access to travel insurance.