Core-Mark Holding Company (CORE) Releases Earnings Results, Beats Expectations By $0.05 EPS

Core-Mark Holding Company (CORE) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.28. The company posted revenue of $3011.30 million in the period, compared to analysts expectations of $2926.56 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Core-Mark Holding Company opened for trading at $84.15 and hit $85.58 on the upside on Friday, eventually ending the session at $85.39, with a gain of 1.41% or 1.19 points. The heightened volatility saw the trading volume jump to 1,32,645 shares. Company has a market cap of $1,976 M.

In a different news, on Mar 18, 2016, William Stein (Sr.VP US Distribution East) sold 2,000 shares at $78.84 per share price. According to the SEC, on Mar 8, 2016, Congdon Stacy Loretz (Senior VP & CFO) sold 3,400 shares at $73.60 per share price. On Jan 29, 2016, Eric Rolheiser (President – Canada Operations) sold 1,955 shares at $77.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Core-Mark Holding Company Inc. (Core-Mark) is a marketer of supply solutions to the convenience retail industry in North America. The Company has two operating segments: the United States and Canada. The Company offers products marketing programs and technology solutions to approximately 35000 customer locations in the United States and Canada. The Company’s product offering includes cigarettes other tobacco products candy snacks fast food groceries fresh products dairy bread beverages general merchandise and health and beauty care products. The Company’s customers include traditional convenience stores drug stores grocery stores liquor stores and other specialty and small format stores that carry convenience products. The Company operates a network of around 29 distribution centers (excluding two distribution facilities it operates as a third party logistics provider). The Company’s 25 distribution centers are located in the United States and four in Canada.

Core-Mark Holding Company

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