Revenue Update on EPIQ Systems(NASDAQ:EPIQ)

EPIQ Systems(NASDAQ:EPIQ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $140.74M. Analysts estimated a revenue of $146.74M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.22.

EPIQ Systems (EPIQ) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.31% at a volume of 3,30,932. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.42. The peak price level was also seen at $16.42 while the days lowest was $16.31. Finally the shares closed at $16.34. The 52-week high of the shares is $16.61 while the 52-week low is $10.5. According to the latest information available, the market cap of the company is $623 M.

Epiq Systems Inc. is a global provider of integrated technology solutions for the legal profession. The Company offers these capabilities across a variety of practice areas including bankruptcy litigation class action antitrust investigations and regulatory compliance. It offers managed technology solutions for eDiscovery document review and legal notification. The Company operates in two segments: the Technology segment which provides eDiscovery managed services and technology solutions comprised of consulting collections and forensics processing search and review production of documents and document review services to companies and law firms and the Bankruptcy and Settlement Administration segment which provides managed services and technology solutions that address the needs of its customers with respect to litigation claims and project administration compliance matters controlled disbursements corporate restructuring bankruptcy and class action proceedings.

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