Revenue Update on EVINE Live Inc(NASDAQ:EVLV)

EVINE Live Inc(NASDAQ:EVLV) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 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 $190.518M. Analysts estimated a revenue of $201.690M. The revenues were -5.54% below the estimates. Earnings per share were $0.03.

EVINE Live Inc (EVLV) made into the market gainers list on Fridays trading session with the shares advancing 4.21% or 0.055 points. Due to strong positive momentum, the stock ended at $1.36, which is also near the day’s high of $1.395. The stock began the session at $1.35 and the volume stood at 2,50,723 shares. The 52-week high of the shares is $2.4 and the 52 week low is $0.8. The company has a current market capitalization of $89 M and it has 6,51,92,314 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Robert Rosenblatt (CEO) purchased 60,500 shares at $1.64 per share price.Also, On Nov 30, 2016, Landel C Hobbs (director) purchased 30,000 shares at $1.65 per share price.On Nov 1, 2016, Capital Llc Cannell (10% owner) purchased 150 shares at $4.75 per share price, according to the Form-4 filing with the securities and exchange commission.

EVINE Live Inc. formerly ValueVision Media Inc. is a digital commerce company. The Company markets sells and distributes products to consumers through television (TV) online mobile and social media. The Company operates an around the clock television shopping network EVINE Live which is distributed primarily on cable and satellite systems through which the Company offers brand name and private label products in the categories of jewelry and watches home and consumer electronics beauty health and fitness and fashion and accessories. It also operates evine.com a digital commerce platform that sells products which appear on its television shopping network as well as an extended assortment of online-only merchandise. Its programming and products are also marketed through mobile devices including smartphones and tablets and through the social media channels.

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