AP NEWS

Ellie Mae: 4Q Earnings Snapshot

February 14, 2019

PLEASANTON, Calif. (AP) _ Ellie Mae Inc. (ELLI) on Thursday reported fourth-quarter profit of $84,000.

On a per-share basis, the Pleasanton, California-based company said it had profit of less than 1 cent. Earnings, adjusted for one-time gains and costs, were 27 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The provider of automation software for the mortgage industry posted revenue of $116 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $114 million.

For the year, the company reported profit of $22.6 million, or 63 cents per share. Revenue was reported as $480.3 million.

Ellie Mae shares have increased 57 percent since the beginning of the year. The stock has climbed 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ELLI at https://www.zacks.com/ap/ELLI