Maxwell Technologies (MXWL) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Maxwell Technologies (MXWL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.09. The company posted revenue of $34.10 million in the period, compared to analysts expectations of $35.13 million. The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.

Maxwell Technologies closed down -0.08 points or -1.43% at $5.5 with 1,31,911 shares getting traded on Friday. Post opening the session at $5.58, the shares hit an intraday low of $5.46 and an intraday high of $5.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 20, 2016, Roger L Howsmon (director) purchased 2,000 shares at $5.53 per share price. According to the SEC, on May 12, 2016, David Lyle (Chief Financial Officer) sold 5,693 shares at $5.77 per share price. On Nov 4, 2015, Christopher Humphrey (VP of Marketing and Bus. Dev.) sold 1,396 shares at $6.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Maxwell Technologies Inc. develops manufactures and markets energy storage and power delivery products and microelectronic products. The Company offers three product lines: ultracapacitors high-voltage capacitors and radiation-hardened microelectronic products. It offers ultracapacitor cells with capacitances ranging from one to 3400 farads. It designs and manufactures CONDIS high-voltage capacitors which include grading and coupling capacitors and electric voltage transformers. The Company offers radiation-hardened microelectronic products for satellites and space crafts that include single board computers and components. It also offers RADPAK packaging and shielding technology and architectures for radiation-hardened microelectronic products. The Company offers its products for transportation industrial information technology and space and satellite applications among others. It has operations in San Diego California; Peoria Arizona and Rossens Switzerland.

Maxwell Technologies

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