HSN (HSNI) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.54 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.55. The company posted revenue of $816.77 million in the period, compared to analysts expectations of $838.85 million. The company’s revenue was down -3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
HSN opened for trading at $53.38 and hit $53.38 on the upside on Monday, eventually ending the session at $53.22, with a gain of 0.36% or 0.19 points. The heightened volatility saw the trading volume jump to 4,51,370 shares. Company has a market cap of $2,782 M.
In a different news, on Nov 4, 2015, Mindy F Grossman (CEO) sold 53,253 shares at $61.85 per share price. According to the SEC, on Jul 2, 2015, William C Brand (President, HSN) sold 3,000 shares at $70.47 per share price. On May 27, 2015, Judy Schmeling (CFO & COO) sold 19,381 shares at $68.21 per share price, according to the Form-4 filing with the securities and exchange commission.
HSN Inc. is an interactive multi-channel retailer. The Company offers products and brand names to its customers including television online mobile catalogs and in retail and outlet stores. The Company markets and sells a range of third-party and private label merchandise directly to consumers which includes its television networks and digital platforms including mobile as well as through Cornerstone’s portfolio of catalogs and digital platforms including mobile. Its merchandise categories primarily consist of jewelry fashion such as apparel and accessories beauty and health and home and other including household home design electronics culinary and other. Its operating segments include HSN and Cornerstone. The Company engages in co-promotional partnerships with media companies. It engages in search engine marketing and targeted offline advertising.