HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported a loss of $70 million in its first quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 23 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.49 billion in the period. Its adjusted revenue was $875 million, beating Street forecasts. Eight analysts surveyed by Zacks expected $828.4 million.
Brookfield Renewable shares have declined 6% 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 BEP at https://www.zacks.com/ap/BEP
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