InnerWorkings (INWK) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.03. The company posted revenue of $271.10 million in the period, compared to analysts expectations of $248.54 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
InnerWorkings opened for trading at $7.89 and hit $8.06 on the upside on Friday, eventually ending the session at $8.03, with a gain of 1.01% or 0.08 points. The heightened volatility saw the trading volume jump to 41,538 shares. Company has a market cap of $435 M.
In a different news, on Sep 9, 2015, Eric D Belcher (President and CEO) sold 5,185 shares at $7.02 per share price. According to the SEC, on Jun 11, 2015, Jack M Greenberg (director) sold 16,000 shares at $6.31 per share price.
InnerWorkings Inc. is global marketing execution company. The Company offers services for Fortune 500 brands across a range of industries. The Company leverages a range of technology supplier network and domain expertise to streamline the creation production and distribution of marketing and promotional materials signage and displays retail experiences events and promotions and product packaging across the world. The Company’s software applications and databases create an integrated solution that stores analyzes and tracks the production capabilities of its supplier network as well as detailed pricing data. The Company’s business of providing marketing execution solutions primarily includes the procurement of marketing materials branded merchandise and retail displays. The Company’s network of more than 10000 global suppliers offers a variety of products and a range of print fulfillment and logistics services.