Ellie Mae Q2 Adj. Profit Beats Estimate

(RTTNews) - Ellie Mae, Inc. (ELLI) posted net income for the second quarter of $4.4 million, or $0.15 per share, compared to $3.7 million, or $0.13 per share, in the same period last year.

On a non-GAAP basis, adjusted net income for the latest second quarter rose to $9.1 million, or $0.31 per share from $8.2 million, or $0.29 per share, in the comparable quarter last year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest second quarter increased 17% to $39.98 million from $34.27 million in the prior year period, while seven analysts expected revenue of $36.39 million for the quarter.