BRENTFORD, Britain (AP) — BRENTFORD, Britain (AP) — Atlantica Sustainable Infrastructure plc (AY) on Wednesday reported fourth-quarter net income of $4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Brentford, Britain-based company said it had profit of 3 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The owner of electric power assets posted revenue of $243.6 million in the period.
For the year, the company reported that its loss narrowed to $5.4 million, or 5 cents per share. Revenue was reported as $1.1 billion.
Atlantica Sustainable Infrastructure shares have increased almost 7% since the beginning of the year. The stock has declined 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AY at https://www.zacks.com/ap/AY
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