Preview Of Tucows Inc. ($TCX) 3Q20 Earnings

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Tucows Inc. (NASDAQ:TCX) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.

Previous Quarter Performance

Tucows Inc. recorded income for the second quarter of $ 0.23 per share, from the revenue of $ 82.12 million. The quarterly earnings declined 4.17 percent while revenues fell 2.38 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 84.30 million The top line results fell short of analysts by $ 2.18 million or 2.59 percent.

Stock Performance

Shares of Tucows Inc. traded up $ 1.46 or 1.95 percent on Wednesday, reaching $ 76.17 with volume of 27.60 thousand shares. Tucows Inc. has traded high as $ 76.17 and has cracked $ 74.16 on the downward trend

The closing price of $ 76.17, representing a 75.79 % increase from the 52 week low of $ 42.50 and a 4.22 % decrease over the 52 week high of $ 78.00.

The company has a market capital of $ 804.93 million and is part of the Technology sector and Internet Content & Information industry.

Conference Call

Tucows Inc. will be hosting a conference call at 5:05 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tucows.com

Tucows Inc. provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services.