Remark Media Inc. (MARK) Issues Earnings Results, Beats Expectations By $0.05 EPS
Remark Media Inc. (NASDAQ:MARK) posted its quarterly earnings data on Monday. The company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.05. Remark Media had a negative net margin of 78.94% and a negative return on equity of 236.95%. The business earned $15.14 million during the quarter.
Shares of Remark Media (NASDAQ:MARK) opened at 4.32 on Tuesday. The company’s 50-day moving average is $4.24 and its 200-day moving average is $4.42. Remark Media has a 12-month low of $3.66 and a 12-month high of $5.40. The stock’s market cap is $89.46 million.
Separately, Roth Capital started coverage on shares of Remark Media in a report on Thursday, October 13th. They set a “buy” rating and a $8.50 price objective for the company.
About Remark Media
Remark Media, Inc owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including lodging, air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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