Real Industry Inc (RELY) Releases Earnings Results, Beats Expectations By $0.05 EPS

Real Industry Inc (RELY) reported quarterly earnings results on Tuesday, Aug-9-2016. 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 $0.05. Analysts had a consensus of $-0.13. The company posted revenue of $320.90 million in the period, compared to analysts expectations of $323.39 million. The company’s revenue was down -13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.53 EPS.

Real Industry Inc opened for trading at $8.14 and hit $8.83 on the upside on Monday, eventually ending the session at $8.53, with a gain of 4.15% or 0.34 points. The heightened volatility saw the trading volume jump to 2,61,115 shares. Company has a market cap of $250 M.

In a different news, on May 23, 2016, Craig T Bouchard (CEO) purchased 15,000 shares at $6.86 per share price. According to the SEC, on Feb 9, 2016, Kyle Ross (Executive VP & CFO) sold 3,220 shares at $6.06 per share price.

Real Industry Inc. formerly Signature Group Holdings Inc. (Signature) is a holding company. The Company seeks to invest its capital in businesses concentrated in the United States industrial and commercial marketplace. The Company’s is experienced in acquiring building and managing businesses. It has capital resources and also maintains federal net operating loss tax carryforwards.

Real Industry Inc

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