LRAD (LRAD) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

LRAD (NASDAQ:LRAD) issued its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02, Morningstar.com reports. The company had revenue of $10.18 million during the quarter. LRAD had a negative net margin of 14.49% and a negative return on equity of 5.11%.

Shares of LRAD opened at $2.36 on Wednesday. LRAD has a twelve month low of $1.94 and a twelve month high of $3.58.

Several institutional investors and hedge funds have recently modified their holdings of the company. Manatuck Hill Partners LLC grew its stake in shares of LRAD by 4.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 3,001,280 shares of the scientific and technical instruments company’s stock worth $9,184,000 after acquiring an additional 136,600 shares in the last quarter. Vanguard Group Inc grew its stake in shares of LRAD by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 1,017,815 shares of the scientific and technical instruments company’s stock worth $3,114,000 after acquiring an additional 24,276 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of LRAD by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,017,815 shares of the scientific and technical instruments company’s stock worth $3,114,000 after acquiring an additional 24,276 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of LRAD by 116.1% during the 3rd quarter. Renaissance Technologies LLC now owns 495,856 shares of the scientific and technical instruments company’s stock worth $1,517,000 after acquiring an additional 266,420 shares in the last quarter. Finally, EAM Investors LLC bought a new position in shares of LRAD during the 3rd quarter worth approximately $779,000. 49.06% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “LRAD (LRAD) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.com-unik.info/2019/02/13/lrad-lrad-posts-quarterly-earnings-results-beats-estimates-by-0-02-eps.html.

About LRAD

LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.

Featured Story: How Does the Quiet Period Work?

Earnings History for LRAD (NASDAQ:LRAD)

Receive News & Ratings for LRAD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LRAD and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit