Echelon Corp. (ELON) Releases Quarterly Earnings, Beats Expectations By $0.04 EPS
Echelon Corp. (NASDAQ:ELON) announced its earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.04, Stock Ratings Network reports. The company had revenue of $15.04 million for the quarter, compared to the consensus estimate of $15.92 million. During the same quarter last year, the company posted ($0.02) earnings per share. Echelon Corp.’s revenue was down 39.5% compared to the same quarter last year.
Echelon Corp. (NASDAQ:ELON) traded up 3.07% on Wednesday, hitting $2.35. The stock had a trading volume of 165,216 shares. Echelon Corp. has a one year low of $1.99 and a one year high of $4.18. The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.73. The company’s market cap is $101.9 million.
Echelon Corporation (NASDAQ:ELON) develops, markets and supports an open standard, multi-application energy control networking platform.
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