Conversant (CNVR) Announces Quarterly Earnings Results, Meets Expectations
Conversant (NASDAQ:CNVR) issued its quarterly earnings data on Wednesday. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35, ARN reports. The company had revenue of $137.40 million for the quarter, compared to the consensus estimate of $138.14 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. Conversant updated its Q3 guidance to $0.37-0.39 EPS.
Conversant (NASDAQ:CNVR) traded down 2.79% on Wednesday, hitting $24.39. 1,277,556 shares of the company’s stock traded hands. Conversant has a one year low of $18.62 and a one year high of $28.79. The stock has a 50-day moving average of $24.56 and a 200-day moving average of $24.57. The company has a market cap of $1.634 billion and a price-to-earnings ratio of 13.88.
Conversant Inc, formerly ValueClick, Inc, is a digital marketing services company. The Company offers a suite of products and services that enable marketers to engage with their potential customers online and through mobile devices to spread brand awareness and generate leads and sales.
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