NRG Yield: 2Q Earnings Snapshot
PRINCETON, N.J. (AP) _ NRG Yield Inc. (NYLD) on Thursday reported second-quarter profit of $79 million.
The Princeton, New Jersey-based company said it had net income of 61 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The company created by NRG Energy to acquire and operate natural gas, solar and wind plants posted revenue of $307 million in the period.
NRG Yield shares have dropped almost 2 percent since the beginning of the year.