Echelon Earnings: Here’s Why Investors are Happy Now

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Echelon Corporation (NASDAQ:ELON) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.02%.

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Echelon Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $-0.06 in the year-earlier quarter.

Revenue: Decreased 37.57% to $25.18 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Echelon Corporation reported adjusted EPS loss of $0.04 per share. By that measure, the company beat the mean analyst estimate of $-0.16. It beat the average revenue estimate of $24.61 million.

Quoting Management: “Despite limited visibility in the smart grid market, we made solid progress executing on our strategy and creating a more leveraged financial model in the quarter,” said Ron Sege, Chairman and CEO of Echelon. “Strong pilots in various territories make us optimistic about our prospects as the market returns.”

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