Towerstream Co. (TWER) Posts Earnings Results, Misses Expectations By $0.12 EPS
Towerstream Co. (NASDAQ:TWER) released its quarterly earnings results on Monday. The technology company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.12. Towerstream had a negative net margin of 115.28% and a negative return on equity of 1,151.39%. The business had revenue of $6.57 million for the quarter. During the same period last year, the company earned ($0.19) earnings per share.
Towerstream (NASDAQ:TWER) traded up 14.379% during midday trading on Tuesday, reaching $0.175. The company had a trading volume of 190,669 shares. Towerstream has a 12 month low of $0.10 and a 12 month high of $11.40. The firm has a 50-day moving average of $0.13 and a 200-day moving average of $0.28. The stock’s market cap is $3.64 million.
Separately, Zacks Investment Research cut Towerstream from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th.
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Towerstream Corporation is a provider of fixed wireless services to businesses in over 10 urban markets across the United States. The Company operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services.
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