HSN (HSNI) Releases Earnings Results, Beats Expectations By $0.03 EPS

HSN (HSNI) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.71. The company posted revenue of $854.30 million in the period, compared to analysts expectations of $870.41 million. The company’s revenue was down -3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on HSN. Shares were Reiterated by Wunderlich on Jul 25, 2016 to “Buy” and Lowered the Price Target to $ 62 from a previous price target of $68 .Maxim Group Initiated HSN on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $66.

HSN closed down -1.23 points or -2.36% at $50.96 with 3,93,008 shares getting traded on Tusday. Post opening the session at $52.18, the shares hit an intraday low of $50.25 and an intraday high of $52.18 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Nov 4, 2015, Mindy F Grossman (CEO) sold 53,253 shares at $61.85 per share price. According to the SEC, on Jul 2, 2015, William C Brand (President, HSN) sold 3,000 shares at $70.47 per share price. On May 27, 2015, Judy Schmeling (CFO & COO) sold 19,381 shares at $68.21 per share price, according to the Form-4 filing with the securities and exchange commission.

HSN Inc. is an interactive multi-channel retailer. The Company offers products and brand names to its customers including television online mobile catalogs and in retail and outlet stores. The Company markets and sells a range of third-party and private label merchandise directly to consumers which includes its television networks and digital platforms including mobile as well as through Cornerstone’s portfolio of catalogs and digital platforms including mobile. Its merchandise categories primarily consist of jewelry fashion such as apparel and accessories beauty and health and home and other including household home design electronics culinary and other. Its operating segments include HSN and Cornerstone. The Company engages in co-promotional partnerships with media companies. It engages in search engine marketing and targeted offline advertising.


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