Form 8-K CHARLES & COLVARD LTD For: Nov 12

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Go back to Form 8-K CHARLES & COLVARD LTD For: Nov 12

Charles & Colvard Ltd (CTHR) Misses Q3 EPS by 5c; Names New CEO

November 12, 2015 4:30 PM EST

Charles & Colvard Ltd (NASDAQ: CTHR) reported Q3 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $6.5 million versus the consensus estimate of $4.59 million.

The company also announced that its Board selected board member Suzanne Miglucci to be the next President and Chief Executive Officer. This follows H. Marvin Beasleys decision to retire from his current roles of President, Chief Executive Officer and Director, effective December 1, 2015.

Retail is undergoing a monumental transformation, said Neal Goldman, Executive Chairman of the Board of Directors of Charles & Colvard. For brand manufacturers like... More