Why Ebix Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Ebix (NASDAQ: EBIX  ) have popped today by as much as 12% after the company reported earnings.

So what: Revenue in the fourth quarter was $54 million, slightly short of the $54.3 million consensus estimate. Investors were optimistic about the earnings per share of $0.48, which was ahead of the $0.45 per share that analysts were modeling for.

Now what: CEO Robin Raina said the company delivered during what's been one of the most challenging years for the broader industry in 10 years. Ebix generated $72.3 million in operating cash flow during 2012. Shares have been volatile lately amid a short attack questioning the company's accounting. An earnings beat like this one is bound to give bulls some courage.

Interested in more info on Ebix? Add it to your watchlist by clicking here.

2013 and beyond
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2313519, ~/Articles/ArticleHandler.aspx, 10/24/2014 4:19:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 7 hours ago Sponsored by:
DOW 16,677.90 216.58 1.32%
S&P 500 1,950.82 23.71 1.23%
NASD 4,452.79 69.95 1.60%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/23/2014 3:59 PM
EBIX $13.83 Up +0.28 +2.07%
Ebix CAPS Rating: ****

Advertisement