Revenue Update on Invacare Corporation(NYSE:IVC)

Invacare Corporation(NYSE:IVC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $275.04M. Analysts estimated a revenue of $270.10M. Earnings per share were $-0.33. Analysts had estimated an EPS of $-0.24.

Invacare Corporation (IVC) shares turned negative on Thursdays trading session with the shares closing down -0.22 points or -1.90% at a volume of 2,27,771. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.68. The peak price level was also seen at $11.68 while the days lowest was $11.32. Finally the shares closed at $11.35. The 52-week high of the shares is $20.41 while the 52-week low is $9.89. According to the latest information available, the market cap of the company is $369 M.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, Dale C Laporte (director) sold 375 shares at $10.33 per share price.Also, On May 17, 2016, Dean J. Childers (SVP & GM, North America) purchased 10,000 shares at $10.40 per share price.On May 9, 2016, Clifford D Nastas (director) purchased 5,000 shares at $11.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Invacare Corporation is a manufacturer and distributor for medical equipment used in the home and long-term care settings based upon its distribution channels breadth of product line and net sales. The Company designs manufactures and distributes health care products for the non-acute care environment including the home health care and extended care markets. It operates in North America Asia/Pacific and Europe and includes North America/Home Medical Equipment with Mobility and Seating Lifestyle and Respiratory Therapy product lines and Institutional Products Group segments in the United States and Canada. The Company sells its products to home health care and medical equipment providers distributors and government locations in the United States Europe Canada New Zealand Australia and Asia. Its products are sold through its sales force telesales associates and independent manufacturers’ representatives and distributors across the world.

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