Revenue Update on Planet Payment Inc(NASDAQ:PLPM)

Planet Payment Inc(NASDAQ:PLPM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $13.10M. Analysts estimated a revenue of $13.90M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.03.

In a different note, Ladenburg Thalmann said it Initiates Coverage on Planet Payment Inc, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Buy’ by the firm.

Planet Payment Inc (PLPM) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.27% at a volume of 3,48,114. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.784. The peak price level was also seen at $3.784 while the days lowest was $3.73. Finally the shares closed at $3.74. The 52-week high of the shares is $4.97 while the 52-week low is $2.19. According to the latest information available, the market cap of the company is $188 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Jonathan Kaiden (director) sold 3,715 shares at $4.51 per share price.Also, On Nov 13, 2015, Cameron R M Mccoll (director) sold 50,000 shares at $2.67 per share price.

Planet Payment Inc. is a provider of international payment and transaction processing and multi-currency processing services. The Company manages its business through two segments: Multi-currency processing services which includes Pay In Your Currency and Shop In Your Currency enables merchants to offer customized pricing in multiple currencies and payment processing services comprising authorization capture clearing and settlement services. The Company also offers non-financial transaction processing services that allow merchants to offer a range of commercial services including pre-paid mobile phone top-up and bill payments using the same point-of-sale devices deployed to accept payment cards. The Company provides its services to approximately 93000 active merchant locations in 23 countries and territories across the Asia Pacific region Americas the Middle East Africa and Europe.

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