Exa Corp (EXA) Releases Quarterly Earnings Results
Exa Corp (NYSE:EXA) released its earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.02, AnalystRatings.NET reports. The company had revenue of $14.80 million for the quarter, compared to the consensus estimate of $14.48 million. During the same quarter last year, the company posted ($0.04) earnings per share.
Shares of Exa Corp (NYSE:EXA) traded down 1.38% during mid-day trading on Wednesday, hitting $10.73. The stock had a trading volume of 35,979 shares. Exa Corp has a one year low of $8.45 and a one year high of $16.42. The stock has a 50-day moving average of $9.65 and a 200-day moving average of $11.25. The company’s market cap is $147.6 million.
On a related note, analysts at Canaccord Genuity cut their price target on shares of Exa Corp from $17.00 to $14.00 in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating and two have issued a buy rating to the company. Exa Corp currently has a consensus rating of “Hold” and an average target price of $16.13.
Exa Corporation (NYSE:EXA) is engaged in developing, selling and supporting simulation software and services that vehicle manufacturer’s use.
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