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–Report on: Mitek Systems
SAN DIEGO (AP) _ Mitek Systems Inc. (MITK) on Thursday reported fiscal second-quarter profit of $582,000.
On a per-share basis, the San Diego-based company said it had profit of 2 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The mobile imaging software company posted revenue of $8.5 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $7.3 million.
Mitek Systems shares have climbed 68 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
Source – Automated Insights
Broad street alerts has not been compensated for the mention of any publicly traded companies in this article nor do we own positions in any of the companies in this article.
Broad Street Alerts was previously compensated eighteen thousand five hundred dollars by star media llc for the mention of FNJN however, that contract has expired.