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.
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