Actua Corp (ACTA) Releases Earnings Results, Beats Expectations By $0.01 EPS

Actua Corp (ACTA) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.36. The company posted revenue of $36.71 million in the period, compared to analysts expectations of $37.25 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 $-0.41 EPS.

Actua Corp opened for trading at $10.04 and hit $10.28 on the upside on Tusday, eventually ending the session at $10.11, with a gain of 0.30% or 0.03 points. The heightened volatility saw the trading volume jump to 2,13,689 shares. Company has a market cap of $399 M.

In a different news, on Jul 13, 2016, Raymond Kirk Morgan (Chief Financial Officer) sold 5,000 shares at $9.61 per share price. According to the SEC, on Jun 22, 2016, H Richard Jr Haverstick (director) purchased 15,000 shares at $9.40 per share price. On May 19, 2016, Walter W Iii Buckley (CEO) purchased 10,000 shares at $8.82 per share price, according to the Form-4 filing with the securities and exchange commission.

Actua Corporation formerly ICG Group Inc. is a multi-vertical cloud technology company. The Company operates through two segments: the vertical cloud segment and the vertical cloud (venture) segment. The vertical cloud-based businesses include BOLT Solutions Inc. (Bolt) FolioDynamix GovDelivery Holdings Inc. (GovDelivery) and MSDSonline Holdings Inc. (MSDSonline) which operate in the commercial and personal property and casualty insurance wealth management government communications and environmental health and safety (EH&S) markets respectively. The vertical cloud (venture) businesses include InstaMed Holdings Inc. (InstaMed) and Parchment Inc. (Parchment) which operate a cloud-based healthcare payments network and an education credentials technology respectively.

Actua Corp

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