Digital River (DRIV) Announces Quarterly Earnings, Beats Estimates By $0.03 EPS
Digital River (NASDAQ:DRIV) released its earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03, Stock Ratings News reports. The company had revenue of $87.39 million for the quarter, compared to the consensus estimate of $85.92 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Digital River updated its Q3 guidance to $(0.05)-(0.02) EPS and its FY14 guidance to $0.41-0.51 EPS.
Digital River (NASDAQ:DRIV) traded up 2.89% during mid-day trading on Wednesday, hitting $14.60. 488,378 shares of the company’s stock traded hands. Digital River has a 52 week low of $13.99 and a 52 week high of $19.67. The stock has a 50-day moving average of $14.99 and a 200-day moving average of $16.41. The company’s market cap is $448.7 million.
A number of research firms have recently commented on DRIV. Analysts at Zacks downgraded shares of Digital River from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $18.20 price target on the stock.
Digital River, Inc (NASDAQ:DRIV) provides end-to-end global cloud-commerce and marketing solutions to a range of companies in software, consumer electronics, computer games, video games and other markets.
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