Inuvo (INUV) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Inuvo (NASDAQ: INUV) released its earnings data on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.03) by $0.01. The company had revenue of $16.20 million for the quarter, compared to the consensus estimate of $17.03 million.
On the ratings front, analysts at Zacks downgraded shares of Inuvo from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 9th. They now have a $1.10 price target on the stock.
Inuvo (INUV) traded up 7.19% on Wednesday, hitting $0.7718. Inuvo (INUV) has a 52-week low of $0.40 and a 52-week high of $2.12. The stock’s 50-day moving average is currently $0.79. The company’s market cap is $18.1 million.
Inuvo, Inc. develops software and analytics technology that is accessible over the Internet for use by online advertisers and Website publishers.
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