Revenue Update on StarTek(NYSE:SRT)

StarTek(NYSE:SRT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $73.73M. Analysts estimated a revenue of $76.55M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.01.

StarTek (SRT) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -1.11% at a volume of 14,634. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.63. The peak price level was also seen at $4.63 while the days lowest was $4.41. Finally the shares closed at $4.45. The 52-week high of the shares is $5.02 while the 52-week low is $2.86. According to the latest information available, the market cap of the company is $70 M.

Several Insider Transactions has been reported to the SEC. On Nov 25, 2015, Rod A. Leach (SVP & GM) purchased 2,000 shares at $3.41 per share price.Also, On Nov 23, 2015, Donald Norsworthy (CFO) purchased 8,000 shares at $3.44 per share price.On Nov 20, 2015, Peter F Martino (Senior VP, Global Operations) purchased 4,000 shares at $3.53 per share price, according to the Form-4 filing with the securities and exchange commission.

StarTek Inc. (STARTEK) is a contact center and business process outsourcing (BPO) service company. The Company provides services such as sales order management and provisioning customer care technical support receivables management and retention programs. STARTEK operates its business within three reportable segments based on the geographic regions: Domestic Asia Pacific and Latin America. As of December 31 2014 the Company’s Domestic segment included the operations of nine facilities in the United States and one facility in Canada; its Asia Pacific segment included the operations of four facilities in the Philippines; and its Latin America segment included the operations of two facilities in Honduras. The Company manages programs using a variety of multi-channel customer interaction capabilities including voice chat email social media and back-office support. The Company has delivery centers in the United States Philippines Canada and Honduras.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

StarTek - Is it time to Sell?

Top Brokerage Firms are advising their investors on StarTek. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.