Tucows (USA) (TCX) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Tucows (USA) (TCX) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $0.39 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.43. The company posted revenue of $47.50 million in the period, compared to analysts expectations of $48.90 million. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Tucows (USA) opened for trading at $28.97 and hit $29.74 on the upside on Friday, eventually ending the session at $29.15, with a gain of 1.22% or 0.35 points. The heightened volatility saw the trading volume jump to 74,593 shares. Company has a market cap of $309 M.

In a different news, on May 31, 2016, Carla Anne Goertz (EVP Human Resources) sold 24,585 shares at $23.74 per share price. According to the SEC, on Feb 25, 2016, Joichi Ito (director) sold 7,500 shares at $20.07 per share price. On Nov 23, 2015, Michael Cooperman (CFO) sold 34,632 shares at $24.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Tucows Inc. is an Internet services provider. The Company focuses on serving the needs of network of resellers by providing services interfaces customer service reseller-oriented technology and design and development processes. The Company also provides second tier support to its resellers by e-mail and phone in the event resellers experience issues or problems with its services. In addition the Company’s Network Operating Center provides support to its resellers by monitoring services and network infrastructure. The Company operates two segments: Domain Services and Network Access Services. The Company’s primary distribution channel is a network of more than 13000 resellers in over 100 countries. The Company focuses its service offerings under four brands: OpenSRS YummyNames Hover and Ting.

Tucows  (USA)

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