Revenue Update on Marchex(NASDAQ:MCHX)

Marchex(NASDAQ:MCHX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $34.41M. Analysts estimated a revenue of $34.97M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.02.

Marchex (MCHX) remained unchanged at the close of Wednesday session. Even as the volume increased to 62,693 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.84. The trading session commenced at $2.96 and the stock hit a high of $2.98 and touched $2.79 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $5.14 and the 52-week low is $2.7. The company has a market cap of $123 M and has approximately 4,33,15,798 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Aug 26, 2015, Peter Christothoulou (CEO) purchased 1,350 shares at $3.65 per share price.

Marchex Inc. is a mobile advertising technology company. The Company provides products and services for businesses of all sizes that depend on consumer calls to drive sales. The Company’s business operations include the Call-driven which consists of its performance-based advertising business focused on driving phone calls and the Archeo which provides a performance-based pay-per-click advertising service that connects advertisers with consumers across its owned and operated Web sites as well as third-party Web sites and it also sells domain names. Its technology platform delivers performance-based pay-for-call advertising across various mobile and online publishers to connect millions of consumers with businesses over the phone. Its primary products offerings include Marchex Call Marketplace Marchex Call Analytics and Local Leads. Its portfolio of Websites includes and

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