Revenue Update on Spark Networks Inc(NYSEMKT:LOV)

Spark Networks Inc(NYSEMKT:LOV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $7.743M. Analysts estimated a revenue of $7.480M. The revenues were 3.52% above the estimates. Earnings per share were $-0.02. The reported EPS was below estimates by -100%. Analysts had estimated an EPS of $-0.01.

Spark Networks Inc (LOV) shares turned negative on Fridays trading session with the shares closing down -0.0293 points or -3.18% at a volume of 85,010. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.9244. The peak price level was also seen at $0.9244 while the days lowest was $0.89. Finally the shares closed at $0.8907. The 52-week high of the shares is $2.75 while the 52-week low is $0.83. According to the latest information available, the market cap of the company is $29 M.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2016, Daniel Max Rosenthal (CEO) purchased 7,000 shares at $1.00 per share price.Also, On Nov 29, 2016, Michael J Mcconnell (director) sold 20,000 shares at $1.03 per share price.On Sep 22, 2016, Lloyd I Iii Miller (10% owner) purchased 292,958 shares at $1.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Spark Networks Inc. (Spark) is engaged in creating brands and communities that help individuals make life-long relationships with others that share their interests and values. The Company operates in four segments: Jewish Networks which consists of JDate.com JDate.co.uk JDate.fr JDate.co.il Cupid.co.il and their respective co-branded Web sites; Christian Networks which consists of ChristianMingle.com ChristianMingle.co.uk ChristianMingle.com.au Believe.com ChristianCards.net DailyBibleVerse.com and Faith.com; Other Networks which consists of Spark.com and related other general market Web sites as well as other properties which are composed of sites focused towards various religious ethnic geographic and special interest groups and Offline & Other Businesses which consists of revenue generated from offline activities and HurryDate events and subscriptions.

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