Revenue Update on IDACORP Inc(NYSE:IDA)

IDACORP Inc(NYSE:IDA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Earnings per share were $1.12. Analysts had estimated an EPS of $0.98.

IDACORP Inc (IDA) made into the market gainers list on Thursdays trading session with the shares advancing 0.28% or 0.22 points. Due to strong positive momentum, the stock ended at $79.71, which is also near the day’s high of $80.44. The stock began the session at $79.43 and the volume stood at 1,44,735 shares. The 52-week high of the shares is $83.4 and the 52 week low is $57.23. The company has a current market capitalization of $4,018 M and it has 5,04,02,872 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, J Lamont Keen (director) sold 4,000 shares at $80.65 per share price.Also, On Jun 17, 2016, Tessia Park (VP of Power Supply) sold 550 shares at $74.99 per share price.On May 12, 2016, Lisa A Grow (Sr. VP of Operations (IPC) sold 1,700 shares at $73.49 per share price, according to the Form-4 filing with the securities and exchange commission.

IDACORP Inc. (IDACORP) is a holding company. The Company’s principal operating subsidiary is Idaho Power Company (Idaho Power) which is an electric utility engaged in the generation transmission distribution sale and purchase of electric energy and capacity. IDACORP’s other subsidiaries include IDACORP Financial Services Inc. Ida-West Energy Company and IDACORP Energy Services Co. Idaho Power is also engaged in the sale of electricity to retail and wholesale customers and the provision of transmission service. Idaho Power provides electric utility service to approximately 516000 general business customers in southern Idaho and eastern Oregon. Idaho Power holds franchises in 71 cities in Idaho and nine cities in Oregon and holds certificates to serve all or a portion of 25 counties in Idaho and three counties in Oregon. Idaho Power’s system consists of 17 hydroelectric generating plants three natural gas-fired plants and three coal-fired steam electric generating plants.

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