Net Element (NASDAQ:NETE) Releases Earnings Results, Beats Estimates By $0.15 EPS

Net Element (NASDAQ:NETE) announced its earnings results on Tuesday. The company reported ($0.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.21) by $0.15, Fidelity Earnings reports. Net Element had a negative return on equity of 186.39% and a negative net margin of 10.82%. The company had revenue of $19.42 million for the quarter, compared to analysts’ expectations of $16.70 million.

Shares of Net Element stock opened at $11.53 on Friday. Net Element has a one year low of $1.47 and a one year high of $20.08. The stock’s fifty day moving average is $12.17 and its 200 day moving average is $10.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.46.

Net Element Company Profile

Net Element, Inc operates as a financial technology and value-added solutions company in North America, Russia, and the Commonwealth of Independent States. It operates in two segments, North American Transaction Solutions and International Transaction Solutions. The company offers a range of payment acceptance and transaction processing services that enable merchants of various sizes to accept and process approximately 100 payment options, including credit, debit, prepaid, and alternative payments; and value-added services and technologies, such as integrated payment technologies, point-of-sale solutions (POS), fraud management solutions, information solutions, and analytical tools.

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Earnings History for Net Element (NASDAQ:NETE)

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