Valuevision Media, Inc. (VVTV) Misses Q2 EPS by 1c

Valuevision Media, Inc. (NASDAQ: VVTV) reported Q2 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $156.6 million versus the consensus estimate of $157.4 million.

Mark Bozek, CEO of ValueVision, said, "The Company delivered solid second quarter results with strong growth in total customer counts and increased order volume on mobile devices. I am excited to be leading the Company into a new phase of growth while working alongside our newly formed board and a dedicated and re-energized employee base."

Continued Mr. Bozek, "Our commerce platforms, led by our reach into 87 million TV homes in the U.S., are unique assets that provide us with tremendous potential. Driving growth will largely be centered around attracting and building a diverse portfolio of proprietary brands and products with the goal of growing our customer base. We will be focused on supporting the growth of these proprietary brands with immersive, personality-driven programming that is designed to drive greater engagement and social commerce on all our platforms. Our process is all about an evolution of the business -- not a revolution. Our recently established office in New York City should aid us in all these efforts. I plan to elaborate more on our new vision for the Company in the coming months, as we begin to execute on our strategy of a more fully leveraged multichannel commerce platform."

For earnings history and earnings-related data on Valuevision Media, Inc. (VVTV) click here.

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