pdvWireless Inc (PDVW) Releases Earnings Results, Misses Expectations By $-0.41 EPS

pdvWireless Inc (PDVW) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.70 earnings per share for the quarter, missing the analyst consensus estimate by $-0.41. Analysts had a consensus of $-0.29. The company posted revenue of $1.05 million in the period, compared to analysts expectations of $.90 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.32 EPS.

pdvWireless Inc closed down -0.42 points or -1.90% at $21.7 with 15,470 shares getting traded on Monday. Post opening the session at $22.1, the shares hit an intraday low of $21.56 and an intraday high of $22.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 16, 2016, Morgan E Obrien (Vice Chairman of the Board) purchased 5,000 shares at $20.96 per share price. According to the SEC, on Jun 15, 2016, John C Jr Sites (director) purchased 5,000 shares at $19.75 per share price. On Mar 2, 2016, Brian Mcauley (Chairman of the Board) purchased 2,500 shares at $28.19 per share price, according to the Form-4 filing with the securities and exchange commission.

pdvWireless Inc. formerly Pacific DataVision Inc. focuses on wireless industry and delivering its two-way radio services that include cloud-based mobile work-force management solutions. The Company provides end users with a true push-to-talk (PTT) experience which uses technology that helps business customers in field communication documentation and productivity to the next level. The Company also focuses on industry verticals with mobile workforce such as transportation distribution construction hospitality waste management and field service. The Company offers products such as DispatchPlus and pdvConnect. DispatchPlus is a cloud-based workforce management solution with features that are designed for dispatch-centric operations. The Company’s pdvConnect is a workforce management solution that offers businesses the opportunity to manage their field service workers.

pdvWireless Inc

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