MaxPoint Interactive Inc (MXPT) Releases Earnings Results, Misses Expectations By $-0.05 EPS

MaxPoint Interactive Inc (MXPT) reported quarterly earnings results on Wednesday, Aug-10-2016. The company reported $-0.87 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.82. The company posted revenue of $23.20 million in the period, compared to analysts expectations of $23.16 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

MaxPoint Interactive Inc opened for trading at $10.57 and hit $10.85 on the upside on Monday, eventually ending the session at $10.85, with a gain of 0.93% or 0.1 points. The heightened volatility saw the trading volume jump to 2,390 shares. Company has a market cap of $72 M.

In a different news, on Mar 18, 2016, Gretchen Joyce (COO) purchased 5,500 shares at $1.80 per share price. According to the SEC, on Mar 16, 2016, Joseph Epperson (CEO) purchased 6,000 shares at $1.79 per share price. On Aug 19, 2015, Lynnette Frank (director) purchased 2,780 shares at $5.40 per share price, according to the Form-4 filing with the securities and exchange commission.

MaxPoint Interactive Inc. (MaxPoint) provides business intelligence and marketing automation software service. The Company provides a technology-driven alternative to traditional local marketing methods for various brands across a number of industries such as retail automotive healthcare and entertainment among others. Its Intelligence Platform is a cloud-based software service that enables national brands to predict local demand-based on consumers’ purchase power and intent and manage digital advertisements containing in-store offers and promotions to reach consumers at a local level across mobile social and video channels. Through marketing automation and direct integration with real-time bidding (RTB) exchanges its platform delivers digital advertisements containing product and store-specific promotions to local consumers. The Company also offers Digital Zip architecture which is a digital grid of households organized into over 44000 neighborhoods or Digital Zips.

MaxPoint Interactive Inc

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