Revenue Update on Babcock & Wilcox Enterprises Inc(NYSE:BW)

Babcock & Wilcox Enterprises Inc(NYSE:BW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $383.20M. Analysts estimated a revenue of $431.03M. Earnings per share were $-0.20. Analysts had estimated an EPS of $-0.14.

Babcock & Wilcox Enterprises Inc (BW) shares turned negative on Wednesdays trading session with the shares closing down -0.19 points or -1.11% at a volume of 5,86,611. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.05. The peak price level was also seen at $17.05 while the days lowest was $16.69. Finally the shares closed at $16.92. The 52-week high of the shares is $23.99 while the 52-week low is $14.27. According to the latest information available, the market cap of the company is $846 M.

Several Insider Transactions has been reported to the SEC. On Jan 27, 2016, Wendy S Radtke (SVP and Chief HR Officer) purchased 1,580 shares at $19.03 per share price.Also, On Nov 17, 2015, E James Jr Ferland (CEO) purchased 30,000 shares at $17.29 per share price.

Babcock & Wilcox Enterprises Inc. is engaged in engineering manufacturing procurement and erection of equipment and technology which is used in the power generation industry and other industries. The Company is a technology-based provider of fossil and renewable power generation equipment which includes boiler products and environmental systems and services for power and industrial uses. It operates through three segments including Global Power which consists of boiler and environmental products businesses that serves large steam generating and industrial customers; Global Services which provides a mix of products and services to support availability of steam generating and associated environmental and auxiliary equipment that serve steam generating utility and industrial customers and Industrial Environmental which represents its environmental products and services business which serves industrial end markets such as chemical and pharmaceutical among others.

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