ValueVision Media Earnings: Here’s Why Shares are Up Now
ValueVision Media Inc. (NASDAQ:VVTV) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.24%.
ValueVision Media Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.02 in the quarter versus EPS of $-0.18 in the year-earlier quarter.
Revenue: Rose 10.88% to $151.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ValueVision Media Inc. reported adjusted EPS income of $0.02 per share. By that measure, the company beat the mean analyst estimate of $0.01. It beat the average revenue estimate of $146.77 million.
Quoting Management: ValueVision CEO, Keith Stewart, said, “We have extended our positive momentum from 2012 with continued improvement in our product diversity, customer growth and customer service metrics. Although we are encouraged by this performance, there is still plenty of work ahead of us. Key areas of focus remain executing our merchandising strategy, enhancing the customer experience, and improving the efficiency of our operations.”
Key Stats (on next page)…