NetSol Technologies Inc. (NTWK) to Release Earnings on Thursday
NetSol Technologies Inc. (NASDAQ:NTWK) is set to post its quarterly earnings results before the market opens on Thursday, November 9th.
NetSol Technologies (NASDAQ:NTWK) last announced its quarterly earnings results on Wednesday, September 27th. The software maker reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.26). The company had revenue of $14.48 million during the quarter. NetSol Technologies had a negative net margin of 7.95% and a negative return on equity of 6.58%. On average, analysts expect NetSol Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NetSol Technologies declared that its Board of Directors has initiated a share buyback plan on Tuesday, July 18th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the software maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Separately, TheStreet lowered NetSol Technologies from a “c-” rating to a “d” rating in a research report on Thursday, September 28th.
About NetSol Technologies
NetSol Technologies, Inc is a provider of information technology (IT) and enterprise software solutions. The Company is engaged in the licensing, customization, enhancement and maintenance of its suite of financial applications under the brand names, NetSol Financial Suite (NFS) and NFS Ascent, for businesses in the lease and finance industry.
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