Revenue Update on Veritiv Corp(NYSE:VRTV)

Veritiv Corp(NYSE:VRTV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $2.06B. Analysts estimated a revenue of $2.04B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.59.

Veritiv Corp (VRTV) made into the market gainers list on Wednesdays trading session with the shares advancing 0.60% or 0.29 points. Due to strong positive momentum, the stock ended at $48.88, which is also near the day’s high of $49.25. The stock began the session at $48.92 and the volume stood at 65,705 shares. The 52-week high of the shares is $49.39 and the 52 week low is $27.4363. The company has a current market capitalization of $782 M and it has 1,60,00,921 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 23, 2016, Stephen Joseph Smith (CFO) purchased 500 shares at $38.73 per share price.Also, On Nov 18, 2015, Mary A Laschinger (CEO) purchased 5,000 shares at $36.79 per share price.On Aug 27, 2015, Elizabeth Patrick (SVP & CHRO) purchased 750 shares at $34.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Veritiv Corporation (Veritiv) is a business-to-business distributor of print publishing packaging facility and logistics solutions. The Company operates from more than 180 distribution centers primarily throughout the United States Canada and Mexico serving customers across a d range of industries. The Company operates through four segments: Print Publishing Packaging and Facility Solutions. The Company provides services to printers publishers commercial printing data centers manufacturers higher education institutions healthcare facilities sporting and performance arenas retail stores government agencies property managers and building service contractors. The Company’s Veritiv Logistics Solutions business provides transportation and warehousing solutions. The Company’s portfolio of private label products includes coated and uncoated papers under the Endurance brand; packaging products under the TUFflex brand and cleaning chemicals among others.

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