ValueVision Media (VVTV) Announces Quarterly Results
ValueVision Media (NASDAQ:VVTV) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01, Analyst Ratings.Net reports. The company had revenue of $156.60 million for the quarter, compared to the consensus estimate of $157.40 million. During the same quarter last year, the company posted ($0.02) earnings per share.
Shares of ValueVision Media (NASDAQ:VVTV) opened at 5.01 on Wednesday. ValueVision Media has a 1-year low of $4.11 and a 1-year high of $7.06. The stock has a 50-day moving average of $4.74 and a 200-day moving average of $5.00. The company’s market cap is $249.7 million.
On a related note, analysts at Lake Street Capital initiated coverage on shares of ValueVision Media in a research note on Tuesday, July 1st. They set a “buy” rating and a $9.00 price target on the stock.
ValueVision Media, Inc is a multichannel electronic retailer that markets, sells and distributes products to consumers through television, telephones, online, mobile and social media.
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