Invacare Corporation (IVC) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Invacare Corporation (IVC) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $-0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.22. The company posted revenue of $257.60 million in the period, compared to analysts expectations of $272.17 million. The company’s revenue was down -10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.21 EPS.

Invacare Corporation closed down -0.31 points or -2.23% at $13.59 with 2,39,877 shares getting traded on Wednesday. Post opening the session at $13.89, the shares hit an intraday low of $13.19 and an intraday high of $13.94 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 29, 2016, Anthony Laplaca (Sr. VP and General Counsel) purchased 1,000 shares at $12.38 per share price. According to the SEC, on Feb 29, 2016, Robert K Gudbranson (CFO) purchased 4,200 shares at $12.01 per share price. On Dec 11, 2015, Michael F Delaney (director) sold 1,000 shares at $18.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Invacare Corporation is a manufacturer and distributor for medical equipment used in the home and long-term care settings based upon its distribution channels breadth of product line and net sales. The Company designs manufactures and distributes health care products for the non-acute care environment including the home health care and extended care markets. It operates in North America Asia/Pacific and Europe and includes North America/Home Medical Equipment with Mobility and Seating Lifestyle and Respiratory Therapy product lines and Institutional Products Group segments in the United States and Canada. The Company sells its products to home health care and medical equipment providers distributors and government locations in the United States Europe Canada New Zealand Australia and Asia. Its products are sold through its sales force telesales associates and independent manufacturers’ representatives and distributors across the world.

Invacare Corporation

Leave a Reply

Invacare Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Invacare Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.