Black Box Corporation (BBOX) Posts Earnings Results, Beats Expectations By $0.01 EPS
Black Box Corporation (NASDAQ:BBOX) released its quarterly earnings data on Tuesday. The technology company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01, Bloomberg Earnings reports. The firm had revenue of $194.20 million during the quarter, compared to analyst estimates of $193.85 million. Black Box Corporation had a negative return on equity of 2.65% and a negative net margin of 2.69%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share.
Separately, Sidoti lowered Black Box Corporation from a “buy” rating to a “neutral” rating in a research note on Friday, August 11th.
In related news, Director John S. Heller bought 10,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $4.35 per share, with a total value of $43,500.00. Following the transaction, the director now owns 52,320 shares in the company, valued at approximately $227,592. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.
Black Box Corporation Company Profile
Black Box Corporation is a technology solutions provider. The Company is engaged in designing, building, managing and securing the information technology (IT) infrastructure. Offerings under the Company’s Products platform include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (KVM) switching.
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