OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — Algonquin Power & Utilities Corp. (AQN) on Thursday reported a loss of $1.31 billion in its third quarter.
On a per-share basis, the Oakville, Ontario-based company said it had a loss of $1.71. Earnings, adjusted to account for discontinued operations and non-recurring costs, were 8 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The utility operator posted revenue of $573.2 million in the period.
The company’s shares closed at $4.80. A year ago, they were trading at $5.68.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AQN at https://www.zacks.com/ap/AQN
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
