Revenue Update on Black Diamond Inc(NASDAQ:BDE)

Black Diamond Inc(NASDAQ:BDE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $29.14M. Analysts estimated a revenue of $28.32M. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.06.

Black Diamond Inc (BDE) made into the market gainers list on Mondays trading session with the shares advancing 9.20% or 0.4 points. Due to strong positive momentum, the stock ended at $4.75, which is also near the day’s high of $4.96. The stock began the session at $4.49 and the volume stood at 2,63,408 shares. The 52-week high of the shares is $9.51 and the 52 week low is $3.8. The company has a current market capitalization of $143 M and it has 3,00,64,492 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 23, 2015, Aaron Kuehne (CFO) purchased 5,186 shares at $4.58 per share price.Also, On Nov 18, 2015, Nicolas Sokolow (director) purchased 20,000 shares at $4.09 per share price.

Black Diamond Inc. is engaged in the designing manufacturing and marketing active outdoor performance equipment and apparel for climbing mountaineering backpacking skiing cycling and a range of other year-round outdoor recreation activities. The Company offers a range of products including: performance apparel (such as jackets shells pants and bibs) rock-climbing equipment (such as carabiners protection devices harnesses belay devices helmets and ice-climbing gear); technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns and gloves and mittens. It also offers design helmets body armor and goggles for skiing mountain and road cycling as well as eyewear skis ski poles ski bindings ski boots ski skins and ski safety products including avalanche transceivers shovels and probes. The company’s principal brands include Black Diamond POC and PIEPS.

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