Revenue Update on Controladora Vuela Co Avcn SA CV(NYSE:VLRS)

Controladora Vuela Co Avcn SA CV(NYSE:VLRS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $271.00M. Analysts estimated a revenue of $274.80M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.16.

In a different note, On Jul 5, 2016, UBS said it Downgrades its rating on Controladora Vuela Co Avcn SA CV. The shares have been rated ‘Neutral’ by the firm.

Controladora Vuela Co Avcn SA CV (VLRS) made into the market gainers list on Thursdays trading session with the shares advancing 0.16% or 0.03 points. Due to strong positive momentum, the stock ended at $18.47, which is also near the day’s high of $18.67. The stock began the session at $18.67 and the volume stood at 3,60,664 shares. The 52-week high of the shares is $21.9 and the 52 week low is $12.31. The company has a current market capitalization of $1,869 M and it has 10,11,87,667 shares in outstanding.

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct point-to-point flights. The Company serves through secondary lower cost airports and provides a single class of service. The Company utilizes such aircraft as the Airbus A319 and A320 families among others. The Company has such subsidiaries as Comercializadora Volaris SA de CV Servicios Corporativos Volaris SA de CV Concesionaria Vuela Compania de Aviacion SAPI de CV Deutsche Bank Mexico SA Trust 1484 among others.

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