Revenue Update on Multi-Color Corporation(NASDAQ:LABL)

Multi-Color Corporation(NASDAQ:LABL) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $236.49M. Analysts estimated a revenue of $233.04M. Earnings per share were $0.95. Analysts had estimated an EPS of $0.88.

Multi-Color Corporation (LABL) made into the market gainers list on Wednesdays trading session with the shares advancing 1.60% or 1.04 points. Due to strong positive momentum, the stock ended at $65.99, which is also near the day’s high of $66.84. The stock began the session at $65.4 and the volume stood at 86,349 shares. The 52-week high of the shares is $80.24 and the 52 week low is $40.155. The company has a current market capitalization of $1,113 M and it has 1,68,66,081 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Floyd E Needham (Chief Operating Officer – CPG) sold 7,500 shares at $63.31 per share price.Also, On Jun 3, 2016, Nigel A Vinecombe (Executive Chairman) sold 25,000 shares at $63.20 per share price.On Nov 24, 2015, Thomas M Mohr (director) sold 3,000 shares at $62.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Multi-Color Corporation (Multi-Color) is engaged in label solutions business supporting brands including producers of home and personal care wine and spirit food and beverage healthcare and specialty consumer products. The Company serves international brand owners in North Central and South America Europe Australia New Zealand South Africa and China with a range of label technologies in Pressure Sensitive Glue-Applied (Cut and Stack) In-Mold Shrink Sleeve and Heat Transfer. The Company also provides a range of print methods including flexographic lithographic rotogravure letterpress and digital plus in-house prepress services. The Company provides graphics and pre-press services for its customers at all of its manufacturing locations. These services include the conversion of customer digital files and artwork into proofs production of print layouts and printing plates and product mock ups and samples for market research.

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