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Recap: ServiceSource Intl Q3 Earnings

Benzinga Insights
·1 min read

Shares of ServiceSource Intl (NASDAQ:SREV) fell 1.9% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 100.00% year over year to ($0.02), which were in line with the estimate of ($0.02).

Revenue of $45,790,000 decreased by 14.24% year over year, which missed the estimate of $46,500,000.

Outlook

ServiceSource Intl hasn't issued any earnings guidance for the time being.

View more earnings on SREV

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $2.10

Company's 52-week low was at $0.53

Price action over last quarter: down 18.52%

Company Overview

ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies. The company generates revenue through a pay-for-performance model, where clients pay a commission based on renewal sales generated. A majority of the firm's revenue is generated in North America and Latin America, and the rest from Europe, the Middle East, Africa, and Asia-Pacific.

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