KVH Industries (KVHI) Releases Earnings Results, Beats Expectations By $0.02 EPS

KVH Industries (KVHI) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.06. The company posted revenue of $46.00 million in the period, compared to analysts expectations of $44.52 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on KVH Industries. KVH Industries was Downgraded by Chardan Capital Markets to ” Neutral” on May 31, 2016. Shares were Reiterated by Needham on May 9, 2016 to “Buy” and Lowered the Price Target to $ 12 from a previous price target of $13 .

KVH Industries closed down -0.22 points or -2.41% at $8.9 with 12,947 shares getting traded on Tusday. Post opening the session at $9.14, the shares hit an intraday low of $8.38 and an intraday high of $9.2084 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 18, 2016, Felise Feingold (VP/General Counsel) sold 5,000 shares at $8.62 per share price. According to the SEC, on Nov 16, 2015, Peter Rendall (CFO) purchased 2,100 shares at $9.41 per share price. On Mar 24, 2015, Brent C Bruun (EVP Mobile Broadband Group) sold 4,000 shares at $15.00 per share price, according to the Form-4 filing with the securities and exchange commission.

KVH Industries Inc. is a manufacturer of solutions that provide high-speed Internet television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment including news sports music and movies to commercial and leisure customers in the maritime hotel and retail markets. The Company develops and distributes training films and e-Learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Company designs develops manufactures and markets mobile communications products and services for the marine and land mobile markets and navigation guidance and stabilization products for both the defense and commercial markets.

KVH Industries

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