Remark (NASDAQ:MARK) Posts Earnings Results, Beats Estimates By $0.11 EPS

Remark (NASDAQ:MARK) posted its quarterly earnings data on Thursday. The information services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11, Bloomberg Earnings reports. The business had revenue of $2.87 million during the quarter, compared to the consensus estimate of $3.49 million.

MARK stock traded down $0.09 during trading on Friday, reaching $0.74. 482,181 shares of the stock were exchanged, compared to its average volume of 380,507. Remark has a twelve month low of $0.72 and a twelve month high of $4.57. The firm has a market capitalization of $35.75 million, a P/E ratio of -0.59 and a beta of 1.91. The business’s 50 day simple moving average is $0.89.

A number of equities analysts have recently commented on MARK shares. ValuEngine lowered Remark from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded Remark from a “hold” rating to a “strong-buy” rating and set a $1.00 price objective on the stock in a research note on Thursday.

Remark Company Profile

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.

Recommended Story: Buy Rating

Earnings History for Remark (NASDAQ:MARK)

Receive News & Ratings for Remark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remark and related companies with MarketBeat.com's FREE daily email newsletter.