Ellie Mae revenue surges 65%

Ellie Mae (ELLI) marked down another strong quarter on its books, with its second-quarter revenue surging to $65.9 million, up 65% from $40 million for the same period a year ago.

* Record revenue of $65.9 million, up 65% from $40.0 million in Q2 2014 * Net income of $7.6 million, up 62% from $4.7 million in Q2 2014 * Adjusted EBITDA of $22.7 million, up 72% from $13.2.

What’s happening: Shares of Ellie Mae were up 13% as of 11:30 a.m. EDT following the mortgage-processing services company’s second-quarter financial report thursday afternoon. The company exceeded.

The FHA boosted its fees after a surge in defaults during the housing. compared with 755 for Fannie Mae and Freddie Mac loans, according to data compiled by mortgage processor Ellie Mae. About 80.

Ellie Mae, Inc. reports financial results for the year ended december 31, 2016. We analyze the earnings along side the following peers of Ellie Mae, Inc. – Zillow Group, Inc. Class A, Xerox Corporation, Mitek Systems, Inc. and Fair Isaac Corporation (ZG-US, XRX-US, MITK-US and FICO-US) that have also reported for this period.

Record revenue of $65.9 million, up 65% from $40.0 million in Q2 2014 Net income of $7.6 million, up 62% from $4.7 million in Q2 2014 Adjusted EBITDA of $22.7 million, up 72% from $13.2 million in Q2 2014 Revenue per average active encompass user of $526, up 28% from $410 in Q2 2014 "Ellie Mae had.

FHFA: Home prices slightly rise in April (spring and summer), and house prices typically flatten or decline. (The FHFA and CoreLogic Case-Shiller price indices are released with a 2-month lag.) Inventory of homes on the market rose for existing homes. The listed inventory of new homes for sale at the end of March up 15.8 percent year-over-year to 344,000 available properties.

Refinancing accounted for 59% of February’s originations or more than double the share of new loans from six months earlier, according to mortgage data from Ellie Mae. Refinancing. Noninterest.

Ellie Mae had record revenue up 65% to $65.9 million, and net income of $7.6 million was up by 62%. Ellie Mae has a 52-week range of $28.59 to $76.27 and a consensus price target of $73.00.

In addition to beating Q3 estimates, Ellie Mae (NYSEMKT:ELLI) is guiding for Q4 revenue of $59.5M-$60.5M, above a $58.1M consensus. EPS guidance of $0.18-$0.20 is below a $0.21 consensus; growing.

Analysis of Ellie Mae Inc’s forth quarter 2018 to forth quarter 2017 net profit Margin, ranking within Software & Programming industry and Technology Sector, Net Income and Revenue quarterly change – CSIMarket

Ellie Mae marked another strong quarter on its books, with its second-quarter revenue surging to $65.9 million, up 65% from $40 million for the same Parliament: Panel to table report on real estate Bill todayThe Indian Express Realty shares surge; Panel to table report on real estate BillIndiainf.

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