Printer Friendly

iClick Interactive Asia Reports Q2 Earnings, Lowers Guidance.

Byline: Tanzeel Akhtar

iClick Interactive Asia Group (NASDAQ: ICLK) reported second-quarter losses of 2 cents per share, which beat the analyst consensus estimate by 1 cent. This is unchanged from the same period last year.

The company reported quarterly sales of $49.347 million, which beat the analyst consensus estimate of $47.95 million by 2.91%. This is a 15.57% increase over sales of $42.697 million the same period last year.

iClick Interactive Asia lowered fiscal year 2019 sales guidance from $200 million-220 million to $190 million-210 million versus the $197 million estimate.

"We are pleased to report another record quarter with increase in top-line revenues by 16% YoY to $49.3 million amid a challenging business environment," said Sammy Hsieh, CEO of iClick. "During this quarter the Renminbi depreciated against the U.S. dollar by 7% compared with the second quarter of 2018. Eliminating currency fluctuation, our revenue would have increased 24% to $52.8 million for the second quarter of 2019 compared with the same period last year."

iClick Interactive Asia shares were trading up 1.28% at $3.17. The stock has a 52-week high of $6.36 and a 52-week low of $2.72.

Related Links:

Red Robin Gourmet Burgers Reports Q2 Earnings Beat

Hibbett Sports Reports Mixed Q2 Earnings

(c) 2019 Benzinga does not provide investment advice. All rights reserved.

COPYRIGHT 2019 Accretive Capital LLC dba
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Article Type:Financial report
Date:Aug 26, 2019
Previous Article:5 Secrets To Successful Investing.
Next Article:Pitney Bowes Sells Software Solutions Business, Lowers EPS Guidance.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters