Revenue Update on TheStreet(NASDAQ:TST)

TheStreet(NASDAQ:TST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $16.29M. Analysts estimated a revenue of $16.74M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.03.

TheStreet (TST) shares turned negative on Mondays trading session with the shares closing down -0.001 points or -0.08% at a volume of 36,468. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.24. The peak price level was also seen at $1.24 while the days lowest was $1.19. Finally the shares closed at $1.23. The 52-week high of the shares is $1.84 while the 52-week low is $0.82. According to the latest information available, the market cap of the company is $43 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Bowers W Espy (director) purchased 1,570 shares at $1.24 per share price.Also, On Jun 13, 2016, Lawrence S Kramer (CEO) purchased 6,104 shares at $1.25 per share price.On May 12, 2016, Eric F Lundberg (CFO) purchased 10,000 shares at $1.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Thestreet Inc. (TheStreet) is a digital financial media company focused on the financial and mergers and acquisitions environment. The Company’s collection of digital services provides users subscribers and advertisers with a range of content and tools through a range of online social media tablet and mobile channels. It offers the tools to make decisions about earning investing saving and spending money. It provides multimedia coverage of the financial markets economy industry trends investment and financial planning. It offers TheStreet a financial news and commentary Website. Its RateWatch business publishes bank rate market information to financial institutions and government agencies. The Deal LLC its institutional services platform provides dealmakers advisers and institutional investors with director and officer profiles relationship capital management services and transactional information pertaining to the mergers and acquisitions environment.

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