Multi-Color Corporation (LABL) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Multi-Color Corporation (LABL) reported quarterly earnings results on Friday, May-27-2016. The company reported $0.70 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.78. The company posted revenue of $227.09 million in the period, compared to analysts expectations of $225.19 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Multi-Color Corporation opened for trading at $61.36 and hit $62.22 on the upside on Wednesday, eventually ending the session at $61.96, with a gain of 1.26% or 0.77 points. The heightened volatility saw the trading volume jump to 2,08,962 shares. Company has a market cap of $1,041 M.

In a different news, on Nov 24, 2015, Thomas M Mohr (director) sold 3,000 shares at $62.70 per share price. According to the SEC, on Jun 18, 2015, Floyd E Needham (Chief Operating Officer – CPG) sold 15,000 shares at $59.04 per share price. On Mar 24, 2015, Vadis A Rodato (Chief Operating Officer – W&S) sold 5,400 shares at $70.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Multi-Color Corporation (Multi-Color) is engaged in label solutions business supporting brands including producers of home and personal care wine and spirit food and beverage healthcare and specialty consumer products. The Company serves international brand owners in North Central and South America Europe Australia New Zealand South Africa and China with a range of label technologies in Pressure Sensitive Glue-Applied (Cut and Stack) In-Mold Shrink Sleeve and Heat Transfer. The Company also provides a range of print methods including flexographic lithographic rotogravure letterpress and digital plus in-house prepress services. The Company provides graphics and pre-press services for its customers at all of its manufacturing locations. These services include the conversion of customer digital files and artwork into proofs production of print layouts and printing plates and product mock ups and samples for market research.

Multi-Color Corporation

Leave a Reply

Multi-Color Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Multi-Color Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.