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Ebix 4Q22 results -5
08:00 15-Mar-23
Ebix has
released
its fourth quarter results:
- 36 cents of EPS misses by 19 cents
- from $255.2M of revenue, which beats
by $4.2M
EBIX shares are initially down almost 8% to trade broadly around
$13.50. As
expected,
higher borrowing costs & legal fees account for the entirety of
the miss. Management can only say that it continues to hope for the
EbixCash IPO and work with Jefferies on other solutions. The
conference call is at 11am; I will listen, but am unlikely to write
further.
CrowdWisers™