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Ebix: Q1 Earnings Insights

Shares of Ebix (NASDAQ:EBIX) rose 2.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 7.69% year over year to $0.96, which beat the estimate of $0.86. Revenue of $137,876,000 lower by 3.53% year over

Benzinga · 05/11/2020 12:18

Shares of Ebix (NASDAQ:EBIX) rose 2.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 7.69% year over year to $0.96, which beat the estimate of $0.86.

Revenue of $137,876,000 lower by 3.53% year over year, which missed the estimate of $152,850,000.

Outlook

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

Ebix hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: May 11, 2020

Webcast URL: https://edge.media-server.com/mmc/p/uvtve6kd

Price Action

Company's 52-week high was at $53.94

Company's 52-week low was at $8.75

Price action over last quarter: down 13.07%

Company Overview

Ebix Inc is a provider of enterprise cloud e-commerce solutions for the insurance, finance, and healthcare industries. The firm generates most of its revenue from data exchanges in life insurance, annuities, health benefits, risk management, and workers' compensation. These exchanges connect multiple entities within the insurance and healthcare markets, enabling participants to carry and process data from one entity to another. The company derives revenue from subscriptions and transaction fees for its services. Ebix generates the majority of its revenue in the United States, but it has a presence in Latin American, European, and Asia-Pacific regions.