hhgregg (HGG) Releases Earnings Results, Beats Expectations By $0.10 EPS

hhgregg (HGG) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.21 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 $-0.31. The company posted revenue of $423.57 million in the period, compared to analysts expectations of $416.45 million. The company’s revenue was down -4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

hhgregg opened for trading at $2.05 and hit $2.1301 on the upside on Tusday, eventually ending the session at $2.13, with a gain of 4.93% or 0.1 points. The heightened volatility saw the trading volume jump to 60,887 shares. Company has a market cap of $59 M.

In a different news, on Nov 20, 2015, Robert James Riesbeck (CFO) purchased 100,000 shares at $3.83 per share price. According to the SEC, on Aug 14, 2015, William P Carmichael (director) purchased 5,000 shares at $4.52 per share price.

hhgregg Inc. (hhgregg) is an appliance consumer electronics and furniture retailer. The Company has around 228 stores in 20 states that also offer global and local brands across the nation via hhgregg.com. hhgregg sells appliances including washers and dryers dishwashers freezers and air conditioners under brands such as Amana Bosch Maytag Samsung and Whirlpool; consumer electronics including televisions Blu-Ray and digital versatile disc (DVD) players and audio under brands such as Haier Sanyo Seiki Sharp Sony and Toshiba; computers computer accessories and tablets under brands such as Apple Asus Hewlett Packard Samsung and Toshiba and home products including bedding and home furniture under brands such as Ashley Bello Tech Craft and Tempur-Pedic. It also sells a suite of services including third-party premium service plans (PSPs) third-party in-home service and repair of its products delivery and installation and in-home repair and maintenance.


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