Revenue Update on DXP Enterprises Inc(NASDAQ:DXPE)

DXP Enterprises Inc(NASDAQ:DXPE) 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 $256.21M. Analysts estimated a revenue of $250.65M. Earnings per share were $0.34. Analysts had estimated an EPS of $-0.05.

DXP Enterprises Inc (DXPE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.74% or 0.22 points. Due to strong positive momentum, the stock ended at $29.99, which is also near the day’s high of $30.1. The stock began the session at $29.61 and the volume stood at 2,90,011 shares. The 52-week high of the shares is $34.494 and the 52 week low is $12.67. The company has a current market capitalization of $435 M and it has 1,45,03,485 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Capital Corp Gmt (10% owner) purchased 172,746 shares at $15.96 per share price.Also, On Jun 13, 2016, Hugh H Mcconnell (CFO) purchased 569 shares at $16.55 per share price.On Apr 5, 2016, Todd Hamlin (Sr. Vice President) sold 2,780 shares at $17.91 per share price, according to the Form-4 filing with the securities and exchange commission.

DXP Enterprises Inc. (DXP) is a products and services distributor company. The Company is engaged in the business of distributing maintenance repair and operating (MRO) products equipment and service to industrial customers. The Company is organized into three business segments: Service Centers Supply Chain Services (SCS) and Innovative Pumping Solutions (IPS). The Service Centers segment provides MRO products equipment and services including logistics to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain including warehouse and inventory management. Innovative Pumping Solutions segment provides source for engineering systems design and fabrication. The Company offers key product categories which include rotating equipment bearings and power transmission products industrial supplies metal working products safety products and services.

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