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 Q2. The results came in during After-hours on Sep 23, 2016. Earnings per share were $-0.02.

Natuzzi S.p.A (ADR) (NTZ) made into the market gainers list on Tuesdays trading session with the shares advancing 4.09% or 0.07 points. Due to strong positive momentum, the stock ended at $1.78, which is also near the day’s high of $1.78. The stock began the session at $1.66 and the volume stood at 33,982 shares. The 52-week high of the shares is $2.1 and the 52 week low is $1.28. The company has a current market capitalization of $98 M and it has 5,48,53,045 shares in outstanding.

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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