Inuvo (NYSEAMERICAN:INUV) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Inuvo (NYSEAMERICAN:INUV) released its quarterly earnings results on Wednesday. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.07, Fidelity Earnings reports. The firm had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.30 million.

Shares of NYSEAMERICAN INUV opened at $0.23 on Friday. Inuvo has a 52-week low of $0.19 and a 52-week high of $1.75.

Separately, Zacks Investment Research upgraded shares of Inuvo from a “sell” rating to a “hold” rating in a research report on Tuesday.

In related news, Director Charles D. Morgan bought 1,650,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average price of $0.30 per share, for a total transaction of $495,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Inuvo

Inuvo, Inc, together with its subsidiaries, a technology company, provides data-driven platforms that automatically identify and message online audiences across video, mobile, connected TV, display, and social and native devices, channels, and formats in the United States. The company's digital marketplace allows advertisers and publishers the opportunity to buy and sell advertising space in real time.

Further Reading: Growth and Income Funds

Earnings History for Inuvo (NYSEAMERICAN:INUV)

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