Connecture Inc (CNXR) Releases Earnings Results, Misses Expectations By $-0.25 EPS

Connecture Inc (CNXR) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-0.47 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $-0.22. The company posted revenue of $18.73 million in the period, compared to analysts expectations of $18.21 million. The company’s revenue was down -19.9% compared to the same quarter last year.

Connecture Inc closed down -0.11 points or -4.31% at $2.44 with 1,22,591 shares getting traded on Friday. Post opening the session at $2.57, the shares hit an intraday low of $2.427 and an intraday high of $2.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 14, 2016, James P Purko (CFO) purchased 7,500 shares at $1.78 per share price. According to the SEC, on Jun 14, 2016, David A Sockel (Executive VP, Strat & Corp Dev) purchased 4,635 shares at $1.54 per share price. On Jun 14, 2016, A. John Ansay (director) purchased 25,000 shares at $1.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Connecture Inc. provides a Web-based consumer shopping enrollment and retention platform for health insurance distribution. The Company operates through four segments: Enterprise/Commercial Enterprise/State Medicare and Private Exchange. The Enterprise/Commercial segment offers the Company’s insurance distribution solutions to health plans. The Enterprise/State segment offers the Company’s sales automation solutions to state Governments which allow its state Government customers to offer customized individual and small group exchanges. The Medicare segment offers Web-based Medicare plan comparison prescription drug comparison and enrollment tools for health plans pharmacy benefit managers pharmacies field marketing organizations and call centers. The Private Exchange segment offers defined-contribution benefit exchange solutions to benefit consultants brokers exchange operators and aggregators.

Connecture Inc

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