Black Box Corporation (BBOX) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Black Box Corporation (BBOX) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.14 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $0.26. The company posted revenue of $224.10 million in the period, compared to analysts expectations of $218.41 million. The company’s revenue was down -8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Black Box Corporation opened for trading at $13.94 and hit $14.23 on the upside on Friday, eventually ending the session at $14.15, with a gain of 1.51% or 0.21 points. The heightened volatility saw the trading volume jump to 93,667 shares. Company has a market cap of $218 M.

In a different news, on Feb 24, 2016, Richard C Elias (director) purchased 5,000 shares at $11.45 per share price. According to the SEC, on Feb 12, 2016, Ronald Basso (EVP, GC & Secretary) purchased 2,000 shares at $9.06 per share price. On Feb 11, 2016, Michael Mcandrew (CEO) purchased 12,000 shares at $8.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Black Box Corporation is a technology solutions provider engaged in designing building managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure specialty networking multimedia and keyboard/video/mouse (KVM) switching. Offerings under its Services platform include unified communications data infrastructure and managed services. It conducts business and manages its business on a geographic-service type basis consisting of four operating segments: North America Products North America Services International Products and International Services. Revenues within its North America segments are primarily attributed to the United States while revenues within its International segments are attributed to countries in Europe the Pacific Rim and Latin America. Its offerings are distributed through value-added resellers direct marketing manufacturers mass merchandisers Web retailers and others.

Black Box Corporation

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