YuMe (YUME) Misses Q3 EPS by 7c

YuMe (NYSE: YUME) reported Q3 EPS of ($0.19), $0.07 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $38.9 million versus the consensus estimate of $37.58 million.

YuMe sees Q4 2015 revenue of $46-52 million, versus the consensus of $50.6 million.

"Our third quarter results included solid overall execution and sequential gross margin expansion, and we are on schedule to complete our programmatic rollout by the end of the year,” said Jayant Kadambi, Chairman and Chief Executive Officer of YuMe. “With the fourth quarter launch of our YuMe for Publishers sell-side platform, we believe we will have a unique, independent solution for the video marketplace across both programmatic and direct channels.”

For earnings history and earnings-related data on YuMe (YUME) click here.

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