Iclick Interactive Asia Group (ICLK) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Iclick Interactive Asia Group (NASDAQ:ICLK) released its quarterly earnings data on Wednesday. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01, Morningstar.com reports. Iclick Interactive Asia Group had a negative return on equity of 8.51% and a negative net margin of 20.72%. The company had revenue of $42.59 million during the quarter, compared to the consensus estimate of $41.54 million. Iclick Interactive Asia Group updated its FY 2018 guidance to EPS.

NASDAQ ICLK opened at $3.76 on Friday. Iclick Interactive Asia Group has a one year low of $2.72 and a one year high of $11.40. The stock has a market capitalization of $195.90 million and a P/E ratio of -4.88.

Separately, Zacks Investment Research downgraded Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.



A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICLK. Morgan Stanley bought a new stake in Iclick Interactive Asia Group in the 3rd quarter worth about $857,000. Jane Street Group LLC bought a new stake in Iclick Interactive Asia Group in the 2nd quarter worth about $762,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Iclick Interactive Asia Group in the 2nd quarter worth about $168,000. Millennium Management LLC bought a new stake in Iclick Interactive Asia Group in the 1st quarter worth about $121,000. Finally, Pinnacle Associates Ltd. increased its holdings in Iclick Interactive Asia Group by 97.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 29,160 shares of the company’s stock worth $114,000 after buying an additional 14,380 shares in the last quarter. Institutional investors own 1.10% of the company’s stock.

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About Iclick Interactive Asia Group

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

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