Revenue Update on Natuzzi S.p.A (ADR)(NYSE:NTZ)

Natuzzi S.p.A (ADR)(NYSE:NTZ) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 17, 2016. Earnings per share were $-0.11.

Natuzzi S.p.A (ADR) (NTZ) shares turned negative on Mondays trading session with the shares closing down -0.01 points or -0.63% at a volume of 60,002. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.6. The peak price level was also seen at $1.6 while the days lowest was $1.54. Finally the shares closed at $1.58. The 52-week high of the shares is $1.78 while the 52-week low is $1.28. According to the latest information available, the market cap of the company is $87 M.

Natuzzi S.p.A. is engaged in design manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. Within leather and fabric upholstered furniture the Company offers furniture in a range of categories such as stationary furniture including sofas loveseats and armchairs; sectional furniture motion furniture sofa beds and occasional chairs including recliners and massage chairs. The Company offers a range of upholstered furniture for sale manufactured in production facilities located in Italy and in Romania Brazil and China. As of March 31 2015 the Company distributed its products as Natuzzi Italia Natuzzi Editions/Leather Editions Natuzzi Re-vive and other products. Natuzzi Italia is sold through the retail channel in mono-brand stores concessions and galleries in multi-brand specialized stores and department stores. The Natuzzi Italia product line includes furnishings and accessories for the living room.

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