Avista Corp (AVA) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Avista Corp (AVA) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.43 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.44. The company posted revenue of $318.80 million in the period, compared to analysts expectations of $316.24 million. The company’s revenue was down -5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Avista Corp closed down -0.42 points or -0.96% at $43.18 with 2,11,829 shares getting traded on Tusday. Post opening the session at $43.44, the shares hit an intraday low of $43.05 and an intraday high of $43.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 15, 2016, Erik J Anderson (director) sold 2,400 shares at $42.36 per share price. According to the SEC, on Jun 7, 2016, James M Kensok (Vice President) sold 300 shares at $41.64 per share price. On Jun 7, 2016, Heidi B Stanley (director) sold 1,000 shares at $41.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Avista Corporation is primarily an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities provides electric distribution and transmission as well as natural gas distribution services in parts of eastern Washington and northern Idaho. It also provides natural gas distribution service in parts of northeastern and southwestern Oregon. AEL&P owns and operates electric generation transmission and distribution facilities located in Juneau. The Company operates other businesses including sheet metal fabrication venture fund investments and real estate investments.

Avista Corp

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