IDACORP Inc (IDA) Releases Earnings Results, Misses Expectations By $-0.02 EPS

IDACORP Inc (IDA) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.53. During the same quarter in the previous year, the company posted $0.47 EPS.

IDACORP Inc opened for trading at $72.09 and hit $72.83 on the upside on Wednesday, eventually ending the session at $72.71, with a gain of 1.32% or 0.95 points. The heightened volatility saw the trading volume jump to 2,39,225 shares. Company has a market cap of $3,657 M.

In a different news, on Apr 18, 2016, J Lamont Keen (director) sold 4,000 shares at $73.23 per share price. According to the SEC, on Mar 10, 2016, Steven R Keen (SVP, CFO & Treasurer) sold 2,742 shares at $73.32 per share price. On Feb 29, 2016, Tessia Park (VP of Power Supply) sold 275 shares at $73.29 per share price, according to the Form-4 filing with the securities and exchange commission.

IDACORP Inc. (IDACORP) is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power) which is an electric utility engaged in the generation transmission distribution sale and purchase of electric energy and capacity. IDACORP’s other subsidiaries include IDACORP Financial Services Inc. Ida-West Energy Company and IDACORP Energy Services Co. Idaho Power is also engaged in the sale of electricity to retail and wholesale customers and the provision of transmission service. Idaho Power provides electric utility service to approximately 516000 general business customers in southern Idaho and eastern Oregon. Idaho Power holds franchises in 71 cities in Idaho and nine cities in Oregon and holds certificates to serve all or a portion of 25 counties in Idaho and three counties in Oregon. Idaho Power’s system consists of 17 hydroelectric generating plants three natural gas-fired plants and three coal-fired steam electric generating plants.


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