CooTek (Cayman) (CTK) Posts Earnings Results, Misses Estimates By $0.04 EPS
CooTek (Cayman) (NYSE:CTK) issued its quarterly earnings results on Wednesday. The company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.04), Zacks Earnings Dates reports. The firm had revenue of $36.79 million for the quarter, compared to analysts’ expectations of $35.20 million. CooTek (Cayman) updated its Q4 2018 guidance to EPS.
Shares of CTK stock traded down $0.58 on Thursday, hitting $7.00. 76,490 shares of the company’s stock traded hands, compared to its average volume of 98,223. CooTek has a one year low of $6.11 and a one year high of $11.58.
Several equities analysts recently commented on CTK shares. Bank of America started coverage on shares of CooTek (Cayman) in a report on Tuesday, October 23rd. They set a “buy” rating and a $19.00 target price on the stock. KeyCorp started coverage on shares of CooTek (Cayman) in a report on Tuesday, October 23rd. They set an “overweight” rating and a $15.00 target price on the stock.
About CooTek (Cayman)
CooTek (Cayman) Inc operates as an AI and big data-driven mobile Internet company. Its primary product is TouchPal Smart Input, an input method for mobile devices that supports approximately 110 languages worldwide. The company was founded in 2008 and is based in Shanghai, the People's Republic of China.
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