PFSweb (PFSW) Releases Earnings Results, Beats Expectations By $0.05 EPS

PFSweb (PFSW) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.04. The company posted revenue of $77.20 million in the period, compared to analysts expectations of $70.74 million. The company’s revenue was up 22.2% compared to the same quarter last year.

PFSweb opened for trading at $9.82 and hit $10.04 on the upside on Friday, eventually ending the session at $9.96, with a gain of 2.15% or 0.21 points. The heightened volatility saw the trading volume jump to 72,445 shares. Company has a market cap of $186 M.

In a different news, on May 27, 2016, Steven Stephan (Senior Vice President) sold 27,047 shares at $13.10 per share price. According to the SEC, on May 26, 2016, Michael C Willoughby (Chief Executive Officer) sold 17,777 shares at $13.04 per share price. On Apr 15, 2016, Elizabeth Johnson (Senior Vice President) sold 6,000 shares at $14.67 per share price, according to the Form-4 filing with the securities and exchange commission.

PFSWEB Inc. is a global provider of omni-channel commerce solutions including a range of technology infrastructure and professional services. Its service offerings include Website design creation and integration digital agency and marketing eCommerce technologies order management customer care logistics and fulfillment financial management and professional consulting. The Company operates through two primary segments: PFSweb and Business and Retail Connect. PFSweb is a global provider of various infrastructure technology and digital agency solutions and operates as a service fee business. In the Business and Retail Connect segment subsidiaries of the Company purchase inventory from clients and resell the inventory to client customers. Marketed as PFSweb’s End2End eCommerce solution and PFSweb Infinite Commerce (iCommerce) the services offered by the Company are categories as Digital Agency Services Technology Services Infrastructure Services and Technology Ecosystem.


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