Atlantica Sustainable Infrastructure: Q4 Earnings Snapshot

BRENTFORD, Britain (AP) — BRENTFORD, Britain (AP) — Atlantica Sustainable Infrastructure plc (AY) on Friday reported fourth-quarter net income of $2.7 million.

On a per-share basis, the Brentford, Britain-based company said it had profit of 2 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The owner of electric power assets posted revenue of $241.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $243.8 million.

For the year, the company reported net income of $43.4 million, or 37 cents per share, swinging to a profit in the period. Revenue was nearly unchanged at $1.1 billion.

Atlantica Sustainable Infrastructure shares have decreased 16% since the beginning of the year. The stock has fallen 33% 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 AY at https://www.zacks.com/ap/AY