VOXX International Corp (VOXX) Releases Earnings Results, Misses Expectations By $-0.08 EPS

VOXX International Corp (VOXX) reported quarterly earnings results on Monday, Jul-11-2016. The company reported $-0.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $-0.10. The company posted revenue of $155.50 million in the period, compared to analysts expectations of $155.00 million. The company’s revenue was down -5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

VOXX International Corp closed down -0.07 points or -2.46% at $2.77 with 2,47,837 shares getting traded on Friday. Post opening the session at $2.9, the shares hit an intraday low of $2.7603 and an intraday high of $3.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 14, 2016, Michael F Klipsch (Former Pres. Global Ops. KGI) sold 7,000 shares at $3.29 per share price. According to the SEC, on Jun 18, 2015, Ari Shalam (director) sold 6,000 shares at $8.38 per share price. On May 5, 2015, Paul Jacobs (President & CEO for KGI) sold 12,500 shares at $9.40 per share price, according to the Form-4 filing with the securities and exchange commission.

VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive audio and consumer accessories industries. The Company operates in three segments which include Automotive Premium Audio and Consumer Accessories. The Automotive segment designs manufactures distributes and markets rear-seat entertainment devices satellite radio products automotive security remote start systems digital television tuners mobile antennas mobile multimedia devices and aftermarket/OE-styled radios among others. The Premium Audio segment designs manufactures distributes and markets home theater systems high-end loudspeakers outdoor speakers iPod/computer speakers and business music systems among others. The Consumer Accessories segment designs and markets remote controls; rechargeable battery packs; wireless and Bluetooth speakers; personal sound amplifiers and iPod docks/iPod sound among others.

VOXX International Corp

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