Revenue Update on MDC Partners Inc(NASDAQ:MDCA)

MDC Partners Inc(NASDAQ:MDCA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $337.05M. Analysts estimated a revenue of $346.02M. Earnings per share were $0.02. Analysts had estimated an EPS of $0.15.

MDC Partners Inc (MDCA) made into the market gainers list on Thursdays trading session with the shares advancing 1.47% or 0.2 points. Due to strong positive momentum, the stock ended at $13.83, which is also near the day’s high of $14.36. The stock began the session at $13.67 and the volume stood at 7,88,706 shares. The 52-week high of the shares is $23.9 and the 52 week low is $12.38. The company has a current market capitalization of $714 M and it has 5,16,55,492 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 2, 2015, Miles Nadal (10% owner) sold 1,842,000 shares at $20.50 per share price.

MDC Partners Inc. is a provider of marketing communications services. The Company through its subsidiaries provides customized marketing activation communications and consulting services including advertising and consumer communication services media management and effectiveness across all channels interactive and mobile marketing direct marketing database and customer relationship management sales promotion corporate communications market research data analytics and insights corporate identity design and branding social media marketing product and service innovation ecommerce and other related services. The Company conducts its businesses through the Marketing Communications Group which operates primarily in the United States Canada Europe Asia and Latin America. The Marketing Communications Group consists of two segments: Strategic Marketing Services and Performance Marketing Services.

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