Revenue Update on Empire District Electric Co(NYSE:EDE)

Empire District Electric Co(NYSE:EDE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Earnings per share were $0.27. Analysts had estimated an EPS of $0.12.

Empire District Electric Co (EDE) shares turned negative on Thursdays trading session with the shares closing down -0.02 points or -0.06% at a volume of 1,02,169. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.55. The peak price level was also seen at $33.55 while the days lowest was $33.4. Finally the shares closed at $33.51. The 52-week high of the shares is $34.04 while the 52-week low is $20.69. According to the latest information available, the market cap of the company is $1,472 M.

Several Insider Transactions has been reported to the SEC. On Feb 27, 2015, William L Gipson (director) sold 2,698 shares at $25.84 per share price.

The Empire District Electric Company is a regulated utility company. The Company is engaged in the generation purchase transmission distribution and sale of electricity. It provides its services with in Missouri Kansas Oklahoma and Arkansas. It operates its businesses in three segments: electric gas and other. The electric segment provides water service to around three towns in Missouri. The Company through its wholly owned subsidiary The Empire District Gas Company (EDG) is engaged in the distribution of natural gas in Missouri. Its other segment consists of fiber optics business. It supplies electric service at retail to around 119 incorporated communities and unincorporated areas and at wholesale to around four municipally owned distribution systems. It provides natural gas distribution to around 48 communities and 422 transportation customers. Its customers include residential commercial and industrial sectors.

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