Vectren Corp (VVC) Releases Earnings Results, Misses Expectations By $-0.11 EPS

Vectren Corp (VVC) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.11. Analysts had a consensus of $0.69. The company posted revenue of $584.80 million in the period, compared to analysts expectations of $567.00 million. The company’s revenue was down -17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Vectren Corp opened for trading at $49.88 and hit $49.88 on the upside on Friday, eventually ending the session at $49.88, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 2,14,166 shares. Company has a market cap of $4,129 M.

In a different news, on Dec 16, 2015, Robert G Jones (director) purchased 98 shares at $40.74 per share price.

Vectren Corporation (Vectren) is an energy holding Company. The Company segregates its operations into groups including Utility Group and Nonutility Group. The Company’s wholly owned subsidiary Vectren Utility Holdings Inc. (Utility Holdings) serves as the intermediate holding company for three public utilities: Indiana Gas Company Inc. (Indiana Gas) Southern Indiana Gas and Electric Company (SIGECO) and Vectren Energy Delivery of Ohio Inc. (VEDO). The Company through Vectren Enterprises Inc. (Enterprises) is involved in non-utility activities in two primary business areas: Infrastructure Services and Energy Services. Infrastructure Services provides underground pipeline construction and repair services. Energy Services provides energy performance contracting and sustainable infrastructure.

Vectren Corp

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