DJ NetSol Technologies Shares Down 15% on Surprise 3Q Loss >NTWK
By Chris Wack
NetSol Technologies Inc. (NTWK) shares dropped 15%, to $4.84, after the company reported a surprise loss.
The information technology company reported a loss in the third quarter of $2.2 million, or 16 cents a share, compared with earnings of $1.3 million, or 8 cents a share, in the same period a year earlier. Analysts polled by FactSet were looking for earnings of $1.5 million, or 13 cents a share.
Revenue for the quarter came in at $13.6 million, compared with last year's $16.4 million and the $15.2 million analysts were expecting.
NetSol said the decrease in total net revenues was primarily due to a decrease in total license fees of $3.3 million and a decrease in services revenues of $199,000, which was offset by an increase in total maintenance fees of $652,000.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
November 12, 2019 10:23 ET (15:23 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
DJ NetSol Technologies股價下跌15%,第三季度虧損>NTWK
克里斯·沃克(Chris Wack)著
NetSol Technologies Inc.NTWK股價下跌15%,至4.84美元,此前該公司公佈了意外虧損。
這家信息技術公司公佈第三季度虧損220萬美元,合每股虧損16美分,而去年同期的盈利為130萬美元,合每股虧損8美分。FactSet調查的分析師預期收益為150萬美元,合每股13美分。
該季度營收為1,360萬美元,而去年為1,640萬美元,分析師預期為1,520萬美元。
NetSol説,總淨收入的減少主要是由於總許可費減少了330萬美元,服務收入減少了19.9萬美元,這被總維護費增加65.2萬美元所抵消。
寫信給Chris Wack:chris.wack@wsj.com
(完)道瓊斯通訊社
2019年11月12日東部時間10:23(格林威治時間15:23)
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