Ebix: Q2 Earnings Insights

Shares of Ebix EBIX rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 18.52% over the past year to $0.88, which may not compare to the estimate of $0.38.

Revenue of $111,312,000 declined by 22.85% year over year, which beat the estimate of $110,950,000.

Guidance

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

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

Conference Call Details

Date: Aug 07, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/t96nb8b2

Recent Stock Performance

52-week high: $46.12

52-week low: $8.75

Price action over last quarter: Up 18.44%

Company Profile

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.