Revenue Update on NorthWestern Corp(NYSE:NWE)

NorthWestern Corp(NYSE:NWE) 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 $293.12M. Analysts estimated a revenue of $320.68M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.56.

NorthWestern Corp (NWE) made into the market gainers list on Thursdays trading session with the shares advancing 0.03% or 0.02 points. Due to strong positive momentum, the stock ended at $60.5, which is also near the day’s high of $60.68. The stock began the session at $60.39 and the volume stood at 1,53,743 shares. The 52-week high of the shares is $63.75 and the 52 week low is $48.47. The company has a current market capitalization of $2,923 M and it has 4,83,11,224 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, H. Grahame Heather (VP & General Counsel) sold 3,300 shares at $60.55 per share price.Also, On Jun 8, 2016, Robert C Rowe (President & CEO) sold 7,000 shares at $59.32 per share price.On Apr 27, 2016, Jan Robert Horsfall (director) sold 3,200 shares at $56.38 per share price, according to the Form-4 filing with the securities and exchange commission.

North-Western Corporation doing business as North-Western Energy provides electricity and natural gas. The Company operates its business under segments: Electric operations Natural gas operations and All other which primarily consists of unallocated corporate costs. Electric operations segment consists of an electric utility business in Montana which includes generation transmission and distribution. The Company also transmits electricity for non-regulated entities owning generation facilities other utilities and power marketers serving the Montana electricity market. The Company’s South Dakota electric utility business operates as a vertically integrated generation transmission and distribution utility. Natural gas operations segment consists of a natural gas utility business in Montana which includes production storage transmission and distribution.

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