Avangrid: 3Q Earnings Snapshot
ORANGE, Conn. (AP) _ Avangrid Inc. (AGR) on Tuesday reported third-quarter profit of $125 million.
On a per-share basis, the Orange, Connecticut-based company said it had profit of 40 cents. Earnings, adjusted for non-recurring costs, came to 45 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The diversified energy and utility company posted revenue of $1.55 billion in the period.
Avangrid expects full-year earnings in the range of $2.22 to $2.50 per share.
Avangrid shares have fallen 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $47.