OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — Algonquin Power & Utilities Corp. (AQN) on Friday reported second-quarter earnings of $24.1 million.
The Oakville, Ontario-based company said it had net income of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.
The utility operator posted revenue of $527.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $530.1 million.
Algonquin Power & Utilities shares have climbed 33% since the beginning of the year. The stock has fallen slightly more than 2% 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 AQN at https://www.zacks.com/ap/AQN
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