Revenue Update on Avista Corp(NYSE:AVA)

Avista Corp(NYSE:AVA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $402.123M. Analysts estimated a revenue of $576.050M. The revenues were -30.19% below the estimates. Earnings per share were $0.62. The reported EPS was above estimates by 8.77%. Analysts had estimated an EPS of $0.57.

Avista Corp (AVA) shares turned negative on Wednesdays trading session with the shares closing down -0.0625 points or -0.16% at a volume of 5,62,917. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.81. The peak price level was also seen at $39.81 while the days lowest was $38.5. Finally the shares closed at $38.93. The 52-week high of the shares is $45.22 while the 52-week low is $36.89. According to the latest information available, the market cap of the company is $2,499 M.

Several Insider Transactions has been reported to the SEC. On Sep 14, 2016, Jason R Thackston (Sr VP) sold 950 shares at $40.90 per share price.Also, On Aug 22, 2016, James M Kensok (Vice President) sold 250 shares at $41.84 per share price.On Aug 12, 2016, Marian M Durkin (Senior Vice President) sold 3,500 shares at $42.56 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.

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