Pattern Energy: 2Q Earnings Snapshot
Aug. 09, 2018
SAN FRANCISCO (AP) _ Pattern Energy Group Inc. (PEGI) on Thursday reported second-quarter profit of $32.7 million.
On a per-share basis, the San Francisco-based company said it had net income of 34 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The wind power producer posted revenue of $139.9 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $144.1 million.
Pattern Energy shares have declined 16 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.