Libbey (LBY) Releases Earnings Results, Beats Expectations By $0.10 EPS

Libbey (LBY) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.06. The company posted revenue of $182.80 million in the period, compared to analysts expectations of $184.29 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Libbey closed down -0.32 points or -1.84% at $17.07 with 2,02,406 shares getting traded on Wednesday. Post opening the session at $17.51, the shares hit an intraday low of $16.97 and an intraday high of $17.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 15, 2016, Timothy T Paige (Vice President-Human Resources) sold 2,481 shares at $17.50 per share price. According to the SEC, on Apr 15, 2016, Susan A Kovach (VP,General Counsel & Secretary) sold 5,000 shares at $18.50 per share price. On Nov 10, 2015, Stephanie A Streeter (CEO) purchased 2,500 shares at $25.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Libbey Inc. is a manufacturer and marketer of glass tableware products. The Company produces glass tableware in five countries and sells to customers in over 100 countries. The Company designs and markets its products under its Libbey Crisa Royal Leerdam World Tableware Syracuse China and Crisal Glass brand names among others. The Company operates the following segments: Americas which includes global sales of manufactured and sourced glass tableware having an end market destination in North and South America; EMEA which includes global sales of manufactured and sourced glass tableware having an end market destination in Europe the Middle East and Africa; U.S. Sourcing which includes the United States sales of sourced ceramic dinnerware metal tableware hollowware and serveware and Other which includes worldwide sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific.

Libbey

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