Net Element, Inc. (NETE)

[overlordpeter]

NETE Net Element Reports Narrower Q2 Loss As Revenues Top Single Estimate

09:01 AM EDT, 08/16/2016 (MT Newswires) -- Net Element(NETE) , a provider of global mobile payment technology, reported pre-market Tuesday a narrower Q2 loss per share vs the year ago which beat a single estimate provided by Capital IQ as revenues improved and also exceeded the single forecast.

The company reported a Q2 adjusted net loss of $0.10 per share, narrower than the loss of $0.64 per share reported in the same period a year ago and narrower than the loss of $0.16 expected by a single analyst.

Total revenues of $13.7 million were up from $6.9 million in the same period a year ago and topped the single forecast of $12.2 million.

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