Revenue Update on Skyline Corporation(NYSEMKT:SKY)

Skyline Corporation(NYSEMKT:SKY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 5, 2016. Earnings per share were $0.16.

Skyline Corporation (SKY) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.20% at a volume of 8,779. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.0599. The peak price level was also seen at $10.0599 while the days lowest was $9.7401. Finally the shares closed at $9.83. The 52-week high of the shares is $11.8599 while the 52-week low is $2.173. According to the latest information available, the market cap of the company is $82 M.

Several Insider Transactions has been reported to the SEC. On Apr 28, 2016, Richard W Florea (CEO) purchased 3,500 shares at $9.23 per share price.Also, On Feb 8, 2016, John C Firth (director) purchased 5,000 shares at $4.09 per share price.On Oct 27, 2015, Samuel S Thompson (director) purchased 2,800 shares at $3.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Skyline Corporation designs produces and markets manufactured housing modular housing and park models. The Company markets its products to independent dealers and manufactured housing communities located across the United States and Canada. The Company’s park models are marketed under various trademarks such as Kensington Shore Park Stone Harbor and Vacation Villa. The Company’s housing products are available in lengths ranging from 30 feet to 76 feet and in singlewide widths from 12 feet to 18 feet doublewide widths from 18 feet to 32 feet and triplewide widths from 36 feet to 46 feet. The Company’s modular homes are built according to state provincial or local building codes. Each home typically includes 2 to 4 bedrooms kitchen dining area living room one or two bathrooms kitchen appliances central heating and cooling. Custom options also include exterior dormers and windows interior or exterior accent columns fireplaces and whirlpool tubs.

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