Cherokee Inc (CHKE) Releases Earnings Results, Beats Expectations By $0.06 EPS

Cherokee Inc (CHKE) reported quarterly earnings results on Thursday, Apr-14-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.13. The company posted revenue of $7.80 million in the period, compared to analysts expectations of $7.37 million. The company’s revenue was up 4.0% compared to the same quarter last year.

Cherokee Inc closed down -0.54 points or -3.20% at $16.35 with 15,499 shares getting traded on Monday. Post opening the session at $17.08, the shares hit an intraday low of $16.33 and an intraday high of $17.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Sep 17, 2015, Jess M Ravich (director) purchased 17,877 shares at $15.20 per share price. According to the SEC, on Jun 19, 2015, Howard B Siegel (President) sold 10,000 shares at $26.47 per share price.

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents and related trademarks and other brands in multiple consumer product categories and sectors. The Company is engaged in marketing and licensing of brand names and trademarks for apparel footwear and accessories. The Company owns several trademarks including Cherokee Liz Lange Completely Me by Liz Lange Hawk Tony Hawk Sideout Sideout Sport Carole Little Saint Tropez-West Chorus Line All That Jazz and others. In addition to licensing its own brands the Company assists other companies in identifying licensee or licensor for their brands or stores and partner with individuals to market and license their lifestyle brands. When representing brands the Company offers a range of services including marketing of brands solicitation of licensees contract negotiations and administration and maintenance of license or distribution agreements.

Cherokee Inc

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