Ellie Mae Beats EPS And Revenue Estimates, Touts Housing Industry Healthy

Ellie Mae Inc ELLI released Q2 results after Thursday's market close on Thursday. Ellie Mae reported EPS of $0.64 and revenues of $90.1 million. Analyst consensus had an EPS estimate of $0.55 and revenues of $85.7 million.

"Second quarter results exceeded expectations across revenue, bookings and profitability," said Jonathan Corr, president and CEO of Ellie Mae.

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"Our results are reflective of the mortgage industry's transformation toward technology-driven solutions and our expanded market leadership. Our business also benefits from an improving housing and origination market," stated Corr.

Management saw Q3 revenue at $90-$92 million vs. estimates of $86 million and EPS of $0.56-$0.59 vs. estimates of $0.56. FY16 guidance included: Revenues of $338-$341 million vs. estimates of $329 million and EPS of $2.00-$2.06 vs. estimates of $1.94.

At time of writing, Ellie Mae traded at $102, up 3.6 percent after hours.