Clearone (CLRO) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Clearone (NASDAQ:CLRO) issued its earnings results on Thursday. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.03, MarketWatch Earnings reports. Clearone had a negative return on equity of 5.88% and a negative net margin of 41.56%.

Shares of Clearone stock traded down $0.30 on Friday, hitting $3.05. 100 shares of the company were exchanged, compared to its average volume of 6,591. Clearone has a 1-year low of $3.11 and a 1-year high of $9.95.

Several research analysts have recently weighed in on CLRO shares. ValuEngine cut Clearone from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. B. Riley cut Clearone from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $8.50 to $6.00 in a report on Tuesday, May 15th.

About Clearone

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.

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Earnings History for Clearone (NASDAQ:CLRO)

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