Revenue Update on Stanley Furniture Co.(NASDAQ:STLY)

Stanley Furniture Co.(NASDAQ:STLY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $9.802M. Analysts estimated a revenue of $13.110M. The revenues were -25.23% below the estimates. Earnings per share were $-0.09. The reported EPS was below estimates by -350%. Analysts had estimated an EPS of $-0.02.

Stanley Furniture Co. (STLY) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -4.71% at a volume of 68,764. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.85. The peak price level was also seen at $0.85 while the days lowest was $0.8. Finally the shares closed at $0.81. The 52-week high of the shares is $3.65 while the 52-week low is $0.8. According to the latest information available, the market cap of the company is $12 M.

Several Insider Transactions has been reported to the SEC. On Apr 27, 2016, Jeffrey Stuart Gilliam (director) purchased 5,000 shares at $2.70 per share price.Also, On Feb 29, 2016, Michael P Haley (director) purchased 3,383 shares at $2.44 per share price.On Aug 3, 2015, John D. Lapey (director) purchased 22,790 shares at $3.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Stanley Furniture Company Inc. is a design marketing and sourcing resource in the wood residential furniture market. The Company distributes and markets its Stanley Furniture brand through a network of retailers and interior designers around the world. The Company’s products are marketed as wood residential home furnishings and include a range of offerings for the home including dining bedroom living room home office and home entertainment and accent items. The Company provides products in a range of wood species and finishes. The Company sells its furniture mainly through independent sales representatives to a range of wholesale customers such as owner-operated furniture stores interior design and architecture professionals decorators specialty retailers regional furniture chains buying clubs and e-commerce retailers. The Company’s product is sourced from independently owned factories in Southeast Asia primarily in Indonesia and Vietnam.

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