Revenue Update on Grupo Aval Acciones y Valores SA(NYSE:AVAL)

Grupo Aval Acciones y Valores SA(NYSE:AVAL) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 29, 2016. Company reported revenue of $111.57M. Analysts estimated a revenue of $1.35B. The revenues were $-1.24B or NaN% below the estimates. Earnings per share were $0.01. The reported EPS was below estimates by $-0.16 or NaN%. Analysts had estimated an EPS of $0.17.

Grupo Aval Acciones y Valores SA (AVAL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.41% or 0.03 points. Due to strong positive momentum, the stock ended at $7.31, which is also near the day’s high of $7.408. The stock began the session at $7.36 and the volume stood at 2,40,820 shares. The 52-week high of the shares is $9.04 and the 52 week low is $5.59. The company has a current market capitalization of $8,144 M and it has 1,11,40,50,860 shares in outstanding.

Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged through its subsidiaries in the acquisition purchase and sale of stocks bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market ranging from traditional banking services such as loans and deposits to pension and severance fund management as well as the provision of legal representation services.The Company owns such subsidiaries as Banco de Bogota SA Banco Popular SA among others. In April 2013 the Company acquired BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantias SA from Banco Bilbao Vizcaya Argentaria SA. In December 2013 Banco Bilbao Vizcaya sold the entirety of its about 98.92% direct and indirect interest in Banco Bilbao Vizacaya Argentaria (Panama) SA (BBVA Panama) to Leasing Bogota SA Panama a subsidiary of the Company.

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