Revenue Update on Lifetime Brands Inc(NASDAQ:LCUT)

Lifetime Brands Inc(NASDAQ:LCUT) 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 $118.05M. Analysts estimated a revenue of $123.35M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.01.

Lifetime Brands Inc (LCUT) shares turned negative on Wednesdays trading session with the shares closing down -0.29 points or -2.13% at a volume of 16,189. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.73. The peak price level was also seen at $13.73 while the days lowest was $13.29. Finally the shares closed at $13.33. The 52-week high of the shares is $17.8 while the 52-week low is $11.29. According to the latest information available, the market cap of the company is $192 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Cherrie Nanninga (director) sold 5,000 shares at $15.89 per share price.Also, On Jun 13, 2016, Michael J Jeary (director) sold 5,000 shares at $15.89 per share price.On Jun 2, 2016, Ronald Shiftan (Vice Chairman of Board & COO) sold 6,532 shares at $14.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Lifetime Brands Inc. designs sources and sells branded kitchenware tableware and other products used in the home. The Company has three business segments: U.S. Wholesale which is the Company’s primary business that designs markets and distributes its products to retailers and distributors; International which operates certain business operations that are conducted outside the United States; and Retail Direct which markets and sells a limited selection of its products through its Pfaltzgraff Mikasa Built NY Fred & Friends and Lifetime Sterling Internet websites. The Company’s two categories of products include Kitchenware consisting of kitchen tools and gadgets cutlery cutting boards shears cookware and bakeware and Tableware consisting of dinnerware stemware flatware and giftware; and Home Solutions consisting of pantry ware spice racks thermal beverage ware food storage neoprene travel products and home decor.

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