Revenue Update on Macquarie Infrastructure Corp(NYSE:MIC)

Macquarie Infrastructure Corp(NYSE:MIC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $397.58M. Analysts estimated a revenue of $399.95M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.45.

Macquarie Infrastructure Corp (MIC) shares turned negative on Mondays trading session with the shares closing down -0.47 points or -0.58% at a volume of 5,56,691. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $81.48. The peak price level was also seen at $81.48 while the days lowest was $79.65. Finally the shares closed at $80.08. The 52-week high of the shares is $83.38 while the 52-week low is $51.83. According to the latest information available, the market cap of the company is $6,529 M.

Several Insider Transactions has been reported to the SEC. On Dec 4, 2015, George W Iii Carmany (director) sold 10,000 shares at $76.92 per share price.Also, On Jun 4, 2015, Infrastructure Manag Macquarie (director) sold 1,900,000 shares at $84.41 per share price.On Mar 4, 2015, James Hooke (CEO) purchased 4,000 shares at $80.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Macquarie Infrastructure Company LLC owns operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Company’s operational segments include International-Matex Tank Terminals (IMTT) engaged in bulk liquid terminals business which provides bulk liquid storage handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation which includes a network of aviation fixed-base operations (FBOs) that provide fuel terminal aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E) which is engaged in selling energy generated by their facilities to creditworthy off-takers and Hawaii Gas a gas energy company processing and distributing gas and providing related services in Hawaii.

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