Revenue Update on Houston Wire & Cable Company(NASDAQ:HWCC)

Houston Wire & Cable Company(NASDAQ:HWCC) 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 $62.45M. Analysts estimated a revenue of $67.09M. Earnings per share were $-0.04. Analysts had estimated an EPS of $0.01.

Houston Wire & Cable Company (HWCC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.36% or 0.02 points. Due to strong positive momentum, the stock ended at $5.64, which is also near the day’s high of $5.65. The stock began the session at $5.59 and the volume stood at 17,314 shares. The 52-week high of the shares is $7.88 and the 52 week low is $4.79. The company has a current market capitalization of $93 M and it has 1,64,70,249 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2015, Michael T Campbell (director) purchased 4,000 shares at $5.63 per share price.

Houston Wire & Cable Company is a holding company. The Company is a provider of electrical and mechanical wire and cable hardware and related services. Its cable management program includes purchasing and storing inventory for product availability. It offers products in categories of wire and cable including continuous and interlocked armor cable; control and power cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; lead and high temperature cable; medium voltage cable; premise and category wire and cable; primary and secondary aluminum distribution cable; steel wire rope and wire rope slings and synthetic fiber rope slings chain shackles and other related hardware. It also offers private branded products including its brand LifeGuard a low-smoke zero-halogen cable. Its products are used in repair and replacement work also referred to as maintenance repair and operations (MRO) and related projects.

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