Perion Reports Fourth Quarter and Full-Year 2018 Results
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Perion Network (PERI) Tops Q4 EPS by 6c, Revenues Miss; Provides FY19 Adj. EBITDA Guidance
February 13, 2019 5:51 AM ESTPerion Network (NASDAQ: PERI) reported Q4 EPS of $0.21, $0.06 better than the analyst estimate of $0.15. Revenue for the quarter came in at $72 million versus the consensus estimate of $74.25 million.
Doron Gerstel, Perions CEO stated, We enter 2019 with a significantly strengthened financial position as a result of the successful completion of the first phase of our three-phase turnaround strategy. We have reduced Perions operating expenses by 21% from $108.4 million in 2017 to $86.0 million in 2018 and in so doing, we have extended the runway to continue the investments in technology that are necessary to reposition Perion for... More
