Revenue Update on Abengoa Yield PLC(NASDAQ:ABY)

Abengoa Yield PLC(NASDAQ:ABY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $261.30M. Analysts estimated a revenue of $256.51M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.25.

Abengoa Yield PLC (ABY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.26% or 0.05 points. Due to strong positive momentum, the stock ended at $19.31, which is also near the day’s high of $19.51. The stock began the session at $19.2 and the volume stood at 2,24,158 shares. The 52-week high of the shares is $23.395 and the 52 week low is $13.11. The company has a current market capitalization of $1,935 M and it has 10,02,17,260 shares in outstanding.

Abengoa Yield plc is an engineering and clean technology company. The Company owns manages and acquires renewable energy conventional power electric transmission lines and other contracted revenue-generating assets focused on North America (United States and Mexico) and South America (Peru Chile Brazil and Uruguay) as well as Europe (Spain). The Company’s business sectors include renewable energy which includes its activities related to the production electricity from solar power and wind plants; Conventional power which includes its activities related to the production of electricity and steam from natural gas and electric transmission lines which includes its activities related to the operation of electric transmission lines. It owns interests in approximately 15 assets comprising over 891 megawatt (MW) of renewable energy generation approximately 300 MW of conventional power generation and approximately 1018 miles of electric transmission lines.

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