Algonquin Power & Utilities: 2Q Earnings Snapshot
OAKVILLE, Ontario (AP) _ Algonquin Power & Utilities Corp. (AQN) on Thursday reported second-quarter net income of $156.6 million.
The Oakville, Ontario-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring gains, were 11 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The utility operator posted revenue of $343.6 million in the period.
Algonquin Power & Utilities shares have risen 29% since the beginning of the year. The stock has climbed 28% in the last 12 months.