Twin Disc Incorporated (TWIN) reported quarterly earnings results on Thursday, Aug-18-2016. 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 $0.18. Analysts had a consensus of $-0.19. The company posted revenue of $42.60 million in the period, compared to analysts expectations of $49.80 million. The company’s revenue was down -36.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Twin Disc Incorporated opened for trading at $10.65 and hit $11.41 on the upside on Wednesday, eventually ending the session at $10.78, with a gain of 1.22% or 0.13 points. The heightened volatility saw the trading volume jump to 25,688 shares. Company has a market cap of $122 M.
In a different news, on Feb 10, 2016, Michael Doar (director) purchased 2,500 shares at $9.04 per share price.
Twin Disc Incorporated designs manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates in two segments: manufacturing and distribution. Its products include marine transmissions surface drives propellers and boat management systems as well as power-shift transmissions hydraulic torque converters power take-offs industrial clutches and controls systems. Its industrial products include clutches power take-offs and pump drives sold to the agriculture recycling construction and oil and gas markets. Its land-based transmission products include applications for oilfield and natural gas military and airport rescue and firefighting. Its marine and propulsion systems include marine transmission controls surface drives propellers and boat management systems for the global commercial pleasure craft and patrol boat markets. Its other products include non-Twin Disc manufactured products sold through its distribution entities.