Exa Corp (EXA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Exa Corp (NYSE: EXA) released its earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.02, AnalystRatingsNetwork reports. The company had revenue of $12.50 million for the quarter, compared to the consensus estimate of $12.17 million. Exa Corp’s revenue was up 10.6% compared to the same quarter last year.

EXA has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Exa Corp from $12.50 to $10.50 in a research note to investors on Thursday, May 30th. They now have a “buy” rating on the stock. On the ratings front, analysts at Stifel Nicolaus cut their price target on shares of Exa Corp from $13.50 to $12.50 in a research note to investors on Thursday, March 28th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company downgraded shares of Exa Corp from a “buy” rating to a “hold” rating in a research note to investors on Thursday, March 28th.

Exa Corp (NYSE: EXA) traded up 5.59% on Tuesday, hitting $8.88. Exa Corp has a 1-year low of $6.88 and a 1-year high of $13.40. The stock’s 50-day moving average is currently $8.94. The company has a market cap of $118.0 million and a price-to-earnings ratio of 140.17.

Exa Corporation (NYSE: EXA) is engaged in developing, selling and supporting simulation software and services that vehicle manufacturers use.

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