Revenue Update on Gordmans Stores(NASDAQ:GMAN)

Gordmans Stores(NASDAQ:GMAN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $132.13M. Analysts estimated a revenue of $138.62M. Earnings per share were $-0.28. Analysts had estimated an EPS of $-0.27.

Gordmans Stores (GMAN) shares turned negative on Mondays trading session with the shares closing down -0.0201 points or -1.63% at a volume of 8,400. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.24. The peak price level was also seen at $1.24 while the days lowest was $1.21. Finally the shares closed at $1.21. The 52-week high of the shares is $4.35 while the 52-week low is $1.09. According to the latest information available, the market cap of the company is $24 M.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Lisa Evans (EVP & CMO) sold 1,103 shares at $1.65 per share price.Also, On Jun 8, 2016, James Shea (director) sold 234 shares at $1.65 per share price.On Jun 8, 2016, Richard H Heyman (SVP & CIO) sold 1,966 shares at $1.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Gordmans Stores Inc. is an everyday value price department store featuring a selection of brands fashions and styles at up to 60% off department and specialty store prices in an environment. The Company’s merchandise assortment includes apparel and footwear for men women and children accessories fragrances and home fashions. The Company offers young men’s men’s juniors’ women’s team plus sizes maternity and children’s clothing which includes offerings for infants toddlers boys and girls. Its accessories business includes designer fragrances intimate apparel handbags sunglasses fashion jewelry legwear and sleepwear. The Company operates approximately 97 stores under the trade name Gordmans located in 21 states situated in a range of shopping center formats including regional enclosed shopping malls lifestyle centers and power centers.

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