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Altus Power Swings To Profit In Q2; Reaffirms FY22 Outlook
(RTTNews) - Altus Power, Inc. (AMPS) announced Monday second-quarter net income attributable to Altus of $24.12 million or $0.16 per share, compared to a net loss of $1.19 million or $0.01 per share in the prior-year quarter.
Operating revenues for the quarter increased 41 percent to $24.76 million from $17.61 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.00 per share and revenues of $23.78 million for the second quarter. Analysts' estimates typically exclude special items.
The company also reaffirmed its full year 2022 adjusted EBITDA guidance in the range of $57 million to $63 million.
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Sensex, Nifty Close On Buoyant Note
Despite a sharp setback early on in the session and a subsequent volatile spell during which the market climbed higher but faltered again, the Indian stock market closed on a firm note on Thursday.
Recent soft inflation data from Indian and the U.S., and the progress in U.S.-China trade talks contributed significantly to market's rise.
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50分前
Weak Sentiment In Asian Markets
Sentiment in Asian markets remains subdued as markets digested the latest actions on the trade tariff front.
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50分前
Commodity Currencies Slide, Yen Rises Amid Cautious Trade
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
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3時21分前
Canadian Dollar Drops Against Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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4時13分前
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Thursday.
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4時26分前
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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4時37分前
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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5時37分前
European Markets Seen Opening Weak On Thursday
Stock markets in Europe are expected to open on a weak note on Thursday amidst fading enthusiasm regarding the de-escalation in global trade tensions. Absence of fresh catalysts on the trade front, a cooling tech rally as well as anxiety ahead of a speech by Fed Chair Jerome Powell are also expected to keep market sentiment muted.
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5時37分前
