Remark Media, Inc. (MARK) Issues Quarterly Earnings Results

Remark Media, Inc. (NASDAQ:MARK) announced its quarterly earnings data on Monday, May 15th. The information services provider reported ($0.39) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.39), MarketWatch Earnings reports. Remark Media had a negative net margin of 48.58% and a negative return on equity of 4,860.73%. The company had revenue of $15.30 million during the quarter, compared to analyst estimates of $16.07 million.

Shares of Remark Media (NASDAQ MARK) opened at 2.53 on Friday. The firm’s market capitalization is $57.31 million. Remark Media has a 1-year low of $2.52 and a 1-year high of $4.80. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $3.17.

Earnings History for Remark Media (NASDAQ:MARK)

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Remark Media from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Roth Capital set a $8.00 price target on shares of Remark Media and gave the stock a “buy” rating in a report on Saturday, May 13th.

About Remark Media

Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of and its related Websites, including, mobile applications and retail locations.

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