Echelon Corporation (ELON) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Echelon Corporation (NASDAQ:ELON) released its earnings results on Thursday. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.04, Bloomberg Earnings reports. Echelon Corporation had a negative net margin of 14.96% and a negative return on equity of 18.23%. The firm had revenue of $7.82 million during the quarter.
Echelon Corporation (ELON) traded up $0.03 during mid-day trading on Friday, hitting $4.77. 46,269 shares of the stock traded hands, compared to its average volume of 9,113.
ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/11/03/echelon-corporation-elon-posts-quarterly-earnings-results-beats-estimates-by-0-04-eps.html.
About Echelon Corporation
Echelon Corporation develops open-standard control networking platforms and delivers elements necessary to design, install, monitor and control communities of devices. The Company’s products enable everyday devices, such as air conditioners, outdoor lighting, appliances, electricity meters, light switches, thermostats and valves to be inter-connected and be part of the Industrial Internet of Things (IIoT) market.
Receive News & Ratings for Echelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Echelon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.