NorthWestern Corp (NWE) Releases Earnings Results, Beats Expectations By $0.09 EPS

NorthWestern Corp (NWE) reported quarterly earnings results on Friday, Jul-22-2016. The company said it had a profit of $0.65 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.56. The company posted revenue of $293.10 million in the period, compared to analysts expectations of $320.68 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

NorthWestern Corp closed down -0.17 points or -0.28% at $61.03 with 1,58,872 shares getting traded on Wednesday. Post opening the session at $61.19, the shares hit an intraday low of $60.795 and an intraday high of $61.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 10, 2016, H. Grahame Heather (VP & General Counsel) sold 3,300 shares at $60.55 per share price. According to the SEC, on Jun 8, 2016, Robert C Rowe (President & CEO) sold 7,000 shares at $59.32 per share price. On Apr 27, 2016, Jan Robert Horsfall (director) sold 3,200 shares at $56.38 per share price, according to the Form-4 filing with the securities and exchange commission.

North-Western Corporation doing business as North-Western Energy provides electricity and natural gas. The Company operates its business under segments: Electric operations Natural gas operations and All other which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana which includes generation transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities other utilities and power marketers serving the Montana electricity market. The Company’s South Dakota electric utility business operates as a vertically integrated generation transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana which includes production storage transmission and distribution.

NorthWestern Corp

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