Algonquin Power & Utilities Slashes FY22 Outlook As Q3 Adj. EPS Misses Estimates

RTTNews | 1074 hari yang lalu
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Algonquin Power & Utilities Slashes FY22 Outlook As Q3 Adj. EPS Misses Estimates

(RTTNews) - Algonquin Power & Utilities Corp. (AQN, AQN.TO) reported Friday a net loss attributable to shareholders for the third quarter of $195.2 million or $0.29 per share, sharply wider than $27.9 million or $0.05 per share in the prior-year quarter.

Excluding items, adjusted net earnings for the quarter was $0.11 per share, compared to $0.15 per share in the year-ago quarter.

Revenues for the quarter increased 26 percent to $666.7 million from $528.6 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.17 per share on revenues of $594.76 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2022, the company now projects adjusted net earnings in a range of $0.66 to $0.69 per share, down from the prior guidance range of $0.72 to $0.77 per share. The Street is looking for earnings of $0.74 per share for the year.

Given the challenging macroeconomic environment, which is expected to continue into 2023, the Company said it is evaluating its longer-term targets and financial expectations.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Teg: AQN.TO
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AWS Recovering After Major Outage Hits Companies, Services Worldwide

AWS Recovering After Major Outage Hits Companies, Services Worldwide

Amazon Web Services, following a major outage in its cloud computing service across the world, especiallly the United States, started recovering early Monday. AWS, tech major Amazon's cloud hosting provider, had went offline due to a problem with one of its core database products, affecting millions as it hit the websites and apps of major companies and critical services...
RTTNews | 1j 43min yang lalu
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Bay Street Likely To Open On Positive Note

Higher U.S. and Canadian futures and rising metal prices point to a positive start on Bay Street Monday morning. The focus will also be on Canadian economic and earnings data.
RTTNews | 2j 49min yang lalu
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RTTNews | 3j 6min yang lalu
FTSE 100 Modestly Higher; Defence Stocks Shine

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RTTNews | 3j 53min yang lalu
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

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RTTNews | 4j 9min yang lalu
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 4j 41min yang lalu
DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

DAX Rises More Than 1% On Easing US Bank Concerns, U.S.-China Relations

German stocks are gaining some notable ground in positive territory on Monday, recovering well from previous session's sharp decline. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the market.
RTTNews | 5j 33min yang lalu
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