Platform Specialty Products Corp (PAH) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.10. The company posted revenue of $824.00 million in the period, compared to analysts expectations of $799.69 million. The company’s revenue was up 54.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on Platform Specialty Products Corp. Credit Suisse Resumed Platform Specialty Products Corp on May 2, 2016 to “Neutral”, Price Target of the shares are set at $10.Platform Specialty Products Corp was Initiated by BofA/Merrill to “Buy” on Mar 9, 2016.
Platform Specialty Products Corp opened for trading at $8.62 and hit $9.14 on the upside on Friday, eventually ending the session at $8.8, with a gain of 0.46% or 0.04 points. The heightened volatility saw the trading volume jump to 23,72,874 shares. Company has a market cap of $2,020 M.
In a different news, on Mar 21, 2016, David A Jacoboski (Corporate Treasurer) purchased 1,000 shares at $8.48 per share price. According to the SEC, on Dec 10, 2015, Ian G H Ashken (director) purchased 50,000 shares at $11.36 per share price. On Nov 23, 2015, Sanjiv Khattri (CFO) purchased 5,000 shares at $11.83 per share price, according to the Form-4 filing with the securities and exchange commission.