Brookfield Infrastructure Partners L.P.(NYSE:BIP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $462.00M. Analysts estimated a revenue of $674.50M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.33.
Brookfield Infrastructure Partners L.P. (BIP) shares turned negative on Fridays trading session with the shares closing down -0.13 points or -0.26% at a volume of 89,831. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.52. The peak price level was also seen at $50.52 while the days lowest was $49.9. Finally the shares closed at $50. The 52-week high of the shares is $50.63 while the 52-week low is $30.5. According to the latest information available, the market cap of the company is $8,110 M.
Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure) owns and operates utilities transport and energy businesses in North and South America Australasia and Europe. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management administrative and advisory services for a fee under the Master Services Agreement. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure. The Company operates in three segments: Utilities which include Regulated or contractual businesses that earn a return on their rate base; Transport which provides transportation for freight bulk commodities and passengers for which it is paid an access fee and Energy which includes systems that provide transmission distribution and storage services.