Avangrid: Q1 Earnings Snapshot

ORANGE, Conn. (AP) — ORANGE, Conn. (AP) — Avangrid Inc. (AGR) on Tuesday reported first-quarter net income of $351 million.

The Orange, Connecticut-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring gains, were 88 cents per share.

The diversified energy and utility company posted revenue of $2.42 billion in the period.

Avangrid expects full-year earnings in the range of $2.17 to $2.32 per share.

Avangrid shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.87, a decrease of 10% 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 AGR at https://www.zacks.com/ap/AGR

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up