Control4 Corp (CTRL) Releases Earnings Results, Beats Expectations By $0.05 EPS

Control4 Corp (CTRL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.18. The company posted revenue of $53.20 million in the period, compared to analysts expectations of $50.44 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Control4 Corp closed down -0.15 points or -1.71% at $8.63 with 1,08,712 shares getting traded on Tusday. Post opening the session at $8.8, the shares hit an intraday low of $8.51 and an intraday high of $8.87 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music video lighting temperature security communications and other functionalities into a unified home automation solution. The Company’s solution functions as the operating system of the home making connected devices work together to control automate and personalize the homes of its consumers. The Control4 product line includes the Control4 Home Operating System (C4 OS) and the associated application software and software development kits (SDKs). The software components include Director Navigator Composer Express Composer Professional Edition Composer Home Edition and Composer Media Edition DriverWorks SDK and Navigator SDK and Application SDK.

Control4 Corp

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