Revolution Lighting Technologies Inc (RVLT) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Revolution Lighting Technologies Inc (RVLT) reported quarterly earnings results on Thursday, May-12-2016. The company reported $-0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.05. The company posted revenue of $27.60 million in the period, compared to analysts expectations of $26.84 million. The company’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Revolution Lighting Technologies Inc. Rodman & Renshaw Initiated Revolution Lighting Technologies Inc on Mar 16, 2016 to “Buy”, Price Target of the shares are set at $20.

Revolution Lighting Technologies Inc closed down -0.09 points or -1.67% at $5.3 with 49,459 shares getting traded on Tuesday. Post opening the session at $5.55, the shares hit an intraday low of $5.29 and an intraday high of $5.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jan 13, 2016, Robert V Lapenta (CEO) purchased 83,109 shares at $0.78 per share price. According to the SEC, on Dec 31, 2015, James Depalma (CFO) purchased 100,000 shares at $0.69 per share price.

Revolution Lighting Technologies Inc. designs manufactures markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company’s products are used for outdoor and indoor applications LED-based signage channel-letter and contour lighting products LED replacement lamps and commercial grade smart grid control systems. It sells these products under the RVLT Lumificient Value Lighting Array and CMG brand names. It sells its lighting products for use in the municipal and commercial markets which include vertical markets such as industrial commercial and Government facilities hospitality institutional educational healthcare and signage markets. Its two operating segments include Lighting Fixtures and Lamps and Lighting Signage and Media. Its products include linear tube lighting multi-family lighting commercial lay-in (troffer) lighting and luminaire LED retrofit kits among others.

Revolution Lighting Technologies Inc

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