Revenue Update on Twin Disc Incorporated(NASDAQ:TWIN)

Twin Disc Incorporated(NASDAQ:TWIN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 18, 2016. Company reported revenue of $42.65M. Analysts estimated a revenue of $47.80M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.16.

Twin Disc Incorporated (TWIN) shares turned negative on Mondays trading session with the shares closing down -0.04 points or -0.31% at a volume of 20,322. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.85. The peak price level was also seen at $12.85 while the days lowest was $12.67. Finally the shares closed at $12.74. The 52-week high of the shares is $14.71 while the 52-week low is $8.187. According to the latest information available, the market cap of the company is $145 M.

Several Insider Transactions has been reported to the SEC. 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.

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