Revenue Update on Core-Mark Holding Company(NASDAQ:CORE)

Core-Mark Holding Company(NASDAQ:CORE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $3.69B. Analysts estimated a revenue of $3.53B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.39.

Core-Mark Holding Company (CORE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.51% or 0.22 points. Due to strong positive momentum, the stock ended at $43.07, which is also near the day’s high of $43.17. The stock began the session at $42.65 and the volume stood at 3,49,676 shares. The 52-week high of the shares is $49.9989 and the 52 week low is $28.11. The company has a current market capitalization of $1,993 M and it has 4,62,65,454 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Thomas B Perkins (President and CEO) sold 6,000 shares at $84.47 per share price.Also, On May 17, 2016, Christopher Hobson (SVP of Sales & Marketing) sold 7,164 shares at $84.14 per share price.On Mar 18, 2016, William Stein (Sr.VP US Distribution East) sold 2,000 shares at $78.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Core-Mark Holding Company Inc. (Core-Mark) is a marketer of supply solutions to the convenience retail industry in North America. The Company has two operating segments: the United States and Canada. The Company offers products marketing programs and technology solutions to approximately 35000 customer locations in the United States and Canada. The Company’s product offering includes cigarettes other tobacco products candy snacks fast food groceries fresh products dairy bread beverages general merchandise and health and beauty care products. The Company’s customers include traditional convenience stores drug stores grocery stores liquor stores and other specialty and small format stores that carry convenience products. The Company operates a network of around 29 distribution centers (excluding two distribution facilities it operates as a third party logistics provider). The Company’s 25 distribution centers are located in the United States and four in Canada.

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