EVINE Live Inc (EVLV) Releases Earnings Results, Beats Expectations By $0.01 EPS

EVINE Live Inc (EVLV) reported quarterly earnings results on Wednesday, Aug-24-2016. The company said it had a profit of $-0.03 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 $-0.04. The company posted revenue of $157.10 million in the period, compared to analysts expectations of $166.31 million. The company’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on EVINE Live Inc. Maxim Group Initiated EVINE Live Inc on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $2.50.

EVINE Live Inc opened for trading at $1.7 and hit $1.82 on the upside on Tuesday, eventually ending the session at $1.74, with a gain of 4.82% or 0.08 points. The heightened volatility saw the trading volume jump to 4,95,600 shares. Company has a market cap of $100 M.

In a different news, on Apr 11, 2016, Lowell W Robinson (director) purchased 6,500 shares at $1.15 per share price. According to the SEC, on Apr 11, 2016, Nick Vassallo (SVP, Corporate Controller) purchased 9,300 shares at $1.21 per share price. On Apr 11, 2016, Damon E. Schramm (SVP, Genl Counsel & Secy) purchased 10,000 shares at $1.20 per share price, according to the Form-4 filing with the securities and exchange commission.

EVINE Live Inc. formerly ValueVision Media Inc. is a digital commerce company. The Company markets sells and distributes products to consumers through television (TV) online mobile and social media. The Company operates an around the clock television shopping network EVINE Live which is distributed primarily on cable and satellite systems through which the Company offers brand name and private label products in the categories of jewelry and watches home and consumer electronics beauty health and fitness and fashion and accessories. It also operates evine.com a digital commerce platform that sells products which appear on its television shopping network as well as an extended assortment of online-only merchandise. Its programming and products are also marketed through mobile devices including smartphones and tablets and through the social media channels.

EVINE Live Inc

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