Silver Spring Networks Turns To Profit In Q2 - Quick Facts

(RTTNews) - Silver Spring Networks, Inc. (SSNI) reported second-quarter net income to stockholders of $9.47 million or $0.19 per share compared to a loss of $23.41 million or $6.38 per share, last year. Non-GAAP net loss for the quarter was $4.46 million or $0.10 per share for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report a loss of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased to $103.51 million from $51.58 million last year. Analysts expected revenue of $79.60 million for the quarter.