Schawk rises 21% after beating Wall Street’s Q1 expectations
Schawk, Inc. (NYSE:SGK) is up 21% after the Des Plaines, Ill.-based digital imaging provider reported early Wednesday that its first-quarter earnings clocked in at $4.3 million, or $0.15 per share, which topped Wall Street’s expectation of earning $0.13 per share. A year earlier, Schawk earned $6 million, or $0.22 per share. The firm’s quarterly net sales dipped 2% to $126.4 million from $129.6 million. The revenue results also beat Wall Street’s expectation of $125.7 million.
In Wednesday afternoon trading, SGK is up 21.77%, or $2.41, to $13.48. For detailed price information and recent news stories about Schawk, click SGK.
About the Author
Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau.
Read More
(click a star)
Enter comment: