HyreCar (HYRE) Releases Quarterly Earnings Results
HyreCar (NASDAQ:HYRE) announced its earnings results on Thursday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05, Morningstar.com reports. The company had revenue of $2.69 million during the quarter, compared to analysts’ expectations of $2.62 million. HyreCar updated its FY 2018 guidance to EPS.
Shares of HYRE stock traded down $0.39 during midday trading on Friday, hitting $2.15. The company had a trading volume of 267,718 shares, compared to its average volume of 93,626. HyreCar has a 52-week low of $1.90 and a 52-week high of $6.50.
Separately, Taglich Brothers assumed coverage on HyreCar in a research note on Wednesday, October 24th. They issued a “speculative buy” rating and a $4.00 target price on the stock.
TRADEMARK VIOLATION NOTICE: “HyreCar (HYRE) Releases Quarterly Earnings Results” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/hyrecar-hyre-releases-quarterly-earnings-results/2598782.html.
HyreCar Company Profile
HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.
Featured Story: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for HyreCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HyreCar and related companies with MarketBeat.com's FREE daily email newsletter.