VOXX International Corp (VOXX) Releases Earnings Results, Beats Expectations By $0.11 EPS

VOXX International Corp (VOXX) announced its most recent quarterly financial results on Tuesday, Oct-11-2016. VOXX said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.01. The company posted revenue of $159.30 million in the period, compared to analysts expectations of $161.00 million. VOXX’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

VOXX International Corp closed down -0.19 points or -7.06% at $2.5 with 33,89,467 shares getting traded on Friday. Post opening the session at $2.69, the shares hit an intraday low of $2.5 and an intraday high of $2.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Oct 5, 2016, Ari Shalam (director) purchased 13,333 shares at $2.99 per share price. According to the SEC, on Sep 19, 2016, Denise W. Gibson (director) purchased 32,100 shares at $3.13 per share price. On Aug 29, 2016, Patrick M Lavelle (CEO) purchased 16,154 shares at $3.04 per share price, according to the Form-4 filing with the securities and exchange commission.

VOXX International Corporation (Voxx) is an international manufacturer and distributor in the automotive audio and consumer accessories industries. The Company operates in three segments which include Automotive Premium Audio and Consumer Accessories. The Automotive segment designs manufactures distributes and markets rear-seat entertainment devices satellite radio products automotive security remote start systems digital television tuners mobile antennas mobile multimedia devices and aftermarket/OE-styled radios among others. The Premium Audio segment designs manufactures distributes and markets home theater systems high-end loudspeakers outdoor speakers iPod/computer speakers and business music systems among others. The Consumer Accessories segment designs and markets remote controls; rechargeable battery packs; wireless and Bluetooth speakers; personal sound amplifiers and iPod docks/iPod sound among others.

VOXX International Corp

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