West Marine (WMAR) Releases Earnings Results, Misses Expectations By $-0.05 EPS

West Marine (WMAR) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.86 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.91. The company posted revenue of $251.60 million in the period, compared to analysts expectations of $252.84 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

West Marine opened for trading at $8.92 and hit $9.23 on the upside on Thursday, eventually ending the session at $9.11, with a gain of 1.90% or 0.17 points. The heightened volatility saw the trading volume jump to 50,559 shares. Company has a market cap of $226 M.

In a different news, on Mar 21, 2016, Matthew L Hyde (CEO) purchased 1,100 shares at $9.11 per share price.

West Marine Inc. is a retailer of boating supplies gear apparel footwear and other waterlife-related products. The Company operates around 279 stores located in 38 states Puerto Rico and Canada and two e-commerce Websites reaching retail and professional services customers. The Company’s products are classified as core boating products and merchandise expansion products. The Company’s core boating products consist of maintenance electronics sailboat hardware; anchors docking and moorings; engine systems; safety; electrical; plumbing; boats and outboards; ventilation; deck hardware and fasteners; navigation; trailering; seating and boat covers and barbecues and appliances. Its merchandise expansion products include apparel footwear clothing accessories fishing watersports paddle sports coolers bikes and cabin and galley. The Company offers private label products under the West Marine Black Tip Third Reef Pure Oceans Lifesling and Seafit brand names.

West Marine

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