Pareteum (TEUM) Posts Earnings Results, Misses Expectations By $0.05 EPS
Pareteum (NYSEAMERICAN:TEUM) announced its quarterly earnings results on Wednesday. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05), Morningstar.com reports. The firm had revenue of $8.01 million for the quarter, compared to analysts’ expectations of $8.00 million.
Shares of NYSEAMERICAN:TEUM traded up $0.03 during trading on Thursday, hitting $2.32. The company’s stock had a trading volume of 24,258 shares, compared to its average volume of 2,080,391. Pareteum has a 12 month low of $0.54 and a 12 month high of $3.59.
Separately, Lake Street Capital assumed coverage on shares of Pareteum in a research note on Monday, September 24th. They issued a “buy” rating and a $5.00 price objective on the stock.
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Pareteum Company Profile
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.
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