Silver Spring Networks (SSNI) Tops Q1 EPS by 7c

Silver Spring Networks (NYSE: SSNI) reported Q1 EPS of $0.02, $0.07 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $68.9 million versus the consensus estimate of $65.94 million.

“We are off to a solid start in 2016, with good financial results, some great new wins, and meaningful progress in our smart city and Starfish initiatives,” said Mike Bell, President and CEO, Silver Spring Networks. “We had another strong deployment quarter, delivering nearly 700,000 endpoints, bringing our footprint to over 23.6 million homes and businesses. We see significant potential for continued innovation and growth in our core markets, and a great opportunity to leverage Silver Spring’s technology and platform into the broader Internet of Things.”

For earnings history and earnings-related data on Silver Spring Networks (SSNI) click here.

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