MINDBODY (MB) Announces Earnings Results
MINDBODY (NASDAQ:MB) posted its earnings results on Wednesday. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Bloomberg Earnings reports. The firm had revenue of $49.70 million during the quarter, compared to analyst estimates of $48.96 million. MINDBODY had a negative net margin of 9.26% and a negative return on equity of 8.39%. MINDBODY’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. MINDBODY updated its FY18 guidance to $0.18-0.26 EPS.
Shares of MINDBODY (MB) traded down $0.10 during trading hours on Wednesday, hitting $33.35. 548,414 shares of the stock were exchanged, compared to its average volume of 337,185. The firm has a market cap of $1,560.00 and a price-to-earnings ratio of -90.14. MINDBODY has a 12 month low of $21.57 and a 12 month high of $36.25. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.06.
In related news, CFO Brett T. White sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.94, for a total value of $319,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Luxor Capital Group, Lp bought 43,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $31.36 per share, for a total transaction of $1,348,480.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 92,348 shares of company stock valued at $2,883,809. Company insiders own 8.22% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/02/21/mindbody-mb-announces-earnings-results.html.
MINDBODY, Inc is a provider of cloud-based business management software for the wellness services industry and operates as a consumer marketplace with local business subscribers on its platform. The Company’s subscribers provide a range of wellness services to active consumers. Its integrated software and payments platform helps business owners in the wellness services industry run, market and build their businesses.
Receive News & Ratings for MINDBODY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MINDBODY and related companies with MarketBeat.com's FREE daily email newsletter.