Revenue Update on New York & Company(NYSE:NWY)

New York & Company(NYSE:NWY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $232.82M. Analysts estimated a revenue of $226.92M. Earnings per share were $0.01.

New York & Company (NWY) made into the market gainers list on Mondays trading session with the shares advancing 2.33% or 0.05 points. Due to strong positive momentum, the stock ended at $2.2, which is also near the day’s high of $2.22. The stock began the session at $2.17 and the volume stood at 1,21,898 shares. The 52-week high of the shares is $4.15 and the 52 week low is $1.34. The company has a current market capitalization of $142 M and it has 6,46,37,864 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 29, 2015, Kevin Finnegan (EVP, Global Sales) sold 21,120 shares at $2.45 per share price.Also, On Apr 2, 2015, Gregory J Scott (CEO) purchased 10,000 shares at $2.52 per share price.On Apr 2, 2015, John M Worthington (COO) purchased 12,500 shares at $2.52 per share price, according to the Form-4 filing with the securities and exchange commission.

New York & Company Inc. is a specialty retailer of women’s fashion apparel and accessories and the wear-to-work destination for women. The Company’s branded New York & Company merchandise is sold through its national network of retail stores and online at The focus customers for the Company’s merchandise are women between the ages of 25 and 45. The Company operates approximately 504 stores in 43 states with an average of approximately 5153 selling square feet per store. The Company offers a merchandise assortment consisting of wear-to-work casual apparel and accessories including pants dresses jackets knit tops blouses sweaters denim t-shirts activewear handbags and jewelry. It operates approximately 62 outlet stores.

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