Algonquin Power & Utilities: Q2 Earnings Snapshot

Associated Press Finance
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OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — Algonquin Power & Utilities Corp. (AQN) on Thursday reported a loss of $253.2 million in its second quarter.

On a per-share basis, the Oakville, Ontario-based company said it had a loss of 37 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The utility operator posted revenue of $627.9 million in the period.

Algonquin Power & Utilities shares have increased 19% since the beginning of the year. The stock has declined 46% 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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