Opera (OPRA) Issues Quarterly Earnings Results

Opera (NASDAQ:OPRA) issued its quarterly earnings data on Wednesday. The company reported $0.06 EPS for the quarter, Morningstar.com reports. The company had revenue of $51.28 million during the quarter. Opera updated its FY 2019 guidance to EPS and its Q2 2019 guidance to EPS.

Shares of NASDAQ:OPRA traded down $0.33 during midday trading on Thursday, reaching $9.46. The company’s stock had a trading volume of 600 shares, compared to its average volume of 120,559. Opera has a 12-month low of $5.31 and a 12-month high of $15.62.

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Opera in the fourth quarter valued at approximately $71,000. Two Sigma Investments LP acquired a new position in shares of Opera in the fourth quarter worth about $94,000. Anchor Capital Advisors LLC lifted its stake in shares of Opera by 58.7% in the fourth quarter. Anchor Capital Advisors LLC now owns 35,760 shares of the company’s stock worth $199,000 after acquiring an additional 13,220 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Opera by 13.1% in the first quarter. Jane Street Group LLC now owns 35,847 shares of the company’s stock worth $236,000 after acquiring an additional 4,156 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in shares of Opera in the fourth quarter worth about $1,180,000. 3.66% of the stock is currently owned by hedge funds and other institutional investors.

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About Opera

Opera Limited, through its subsidiaries, provides mobile and PC web browsers in Ireland, Russia, and internationally. It offers mobile browser products under the Opera Mini, Opera for Android, and Opera Touch names; PC browser under the Opera for Computers name; Opera News, a personalized news aggregation app; and Okash, a microfinance app.

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