TeleNav (TNAV) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
TeleNav (NASDAQ:TNAV) issued its quarterly earnings data on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03, Analyst RN reports. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $36.00 million. During the same quarter in the previous year, the company posted $0.02 earnings per share.
TeleNav (NASDAQ:TNAV) opened at 6.33 on Friday. TeleNav has a one year low of $4.91 and a one year high of $8.20. The stock has a 50-day moving average of $6.3 and a 200-day moving average of $6.29. The company has a market cap of $246.6 million and a price-to-earnings ratio of 25.16.
On the ratings front, analysts at Zacks downgraded shares of TeleNav from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $7.70 price target on the stock.
TeleNav, Inc, formerly TNAV Holdings, Inc, is a provider of location based services (NASDAQ:TNAV), including voice guided navigation on mobile phones.
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