Revenue Update on CDI Corp.(NYSE:CDI)

CDI Corp.(NYSE:CDI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $226.69M. Analysts estimated a revenue of $228.61M. Earnings per share were $-0.33. Analysts had estimated an EPS of $-0.25.

CDI Corp. (CDI) made into the market gainers list on Fridays trading session with the shares advancing 0.18% or 0.01 points. Due to strong positive momentum, the stock ended at $5.45, which is also near the day’s high of $5.5. The stock began the session at $5.44 and the volume stood at 74,183 shares. The 52-week high of the shares is $10.56 and the 52 week low is $4.31. The company has a current market capitalization of $101 M and it has 1,85,98,044 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 10, 2015, Ronald J Kozich (director) purchased 1,000 shares at $7.01 per share price.Also, On Dec 10, 2015, Michael J Emmi (director) purchased 1,000 shares at $7.00 per share price.On Dec 9, 2015, Scott J Freidheim (CEO) purchased 12,158 shares at $6.64 per share price, according to the Form-4 filing with the securities and exchange commission.

CDI Corp. provides engineering information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS) Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees. The GETS segment provides engineering and information technology solutions that involve the production of deliverable work products or services performed at its facility or at a customer’s facility. The PSS segment provides technical and professional personnel for discrete periods of time to augment the customer’s workforce in times of project seasonal peak period or business cycle needs. The MRI segment is a global franchisor that does business as MRINetwork and provides the use of its trademarks business systems and training and support services to its franchisees. It serves the oil gas and chemicals aerospace and industrial equipment and hi-tech industries.

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