Echelon Corp. (ELON) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Echelon Corp. (NASDAQ:ELON) posted its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04, Analyst Ratings Net reports. The company had revenue of $18.10 million for the quarter, compared to the consensus estimate of $17.31 million. During the same quarter last year, the company posted ($0.06) earnings per share. Echelon Corp.’s revenue was down 23.9% compared to the same quarter last year.
Echelon Corp. (NASDAQ:ELON) traded up 2.99% on Thursday, hitting $3.79. The stock had a trading volume of 775,251 shares. Echelon Corp. has a 52-week low of $1.99 and a 52-week high of $4.18. The stock’s 50-day moving average is $2. and its 200-day moving average is $2.. The company’s market cap is $164.3 million.
Echelon Corporation (NASDAQ:ELON) develops, markets and supports an open standard, multi-application energy control networking platform.
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