Algonquin Power & Utilities: 2Q Earnings Snapshot

Associated Press |

OAKVILLE, Ontario (AP) _ Algonquin Power & Utilities Corp. (AQN) on Thursday reported second-quarter earnings of $65.5 million.

The Oakville, Ontario-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The utility operator posted revenue of $366.2 million in the period.

Algonquin Power & Utilities shares have fallen slightly more than 8 percent since the beginning of the year. The stock has declined nearly 2 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AQN at https://www.zacks.com/ap/AQN

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

Blockchain in Digital Identity - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Digital Identity