Revenue Update on XO Group Inc(NYSE:XOXO)

XO Group Inc(NYSE:XOXO) 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 $38.71M. Analysts estimated a revenue of $39.00M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.13.

In a different note, On Jul 21, 2016, B. Riley said it Downgrades its rating on XO Group Inc. The shares have been rated ‘Neutral’ by the firm.

XO Group Inc (XOXO) shares turned negative on Mondays trading session with the shares closing down -0.06 points or -0.33% at a volume of 82,382. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.1. The peak price level was also seen at $18.1 while the days lowest was $17.855. Finally the shares closed at $18. The 52-week high of the shares is $19.2 while the 52-week low is $13.55. According to the latest information available, the market cap of the company is $476 M.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, David Liu (director) sold 9,900 shares at $17.61 per share price.Also, On Jun 8, 2016, Iorio Nic Di (Chief Technology Officer) sold 5,000 shares at $17.13 per share price.On Nov 30, 2015, Gillian Munson (Chief Financial Officer) sold 3,275 shares at $16.92 per share price, according to the Form-4 filing with the securities and exchange commission.

XO Group Inc. is a consumer Internet and media company. The Company guides couples through transformative life stages from getting married to moving in together and having a baby through its multi-platform brands including The Knot The Bump and The Nest. The Company offers consumer Internet multiplatform media services to the wedding pregnancy and parenting and nesting markets. The Company reaches its audience through several platforms including online properties mobile applications magazines and books and television and video which are available for all brands with the exception of mobile applications television and magazines for its Nest brand. The Company’s national digital advertising products include sponsored and brand-integrated content digital banner advertisements native banner advertising and direct e-mail marketing.

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