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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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European Stocks Turning In Mixed Performance In Cautious Trade
European stocks are turning in a mixed performance in cautious trade on Thursday with investors continuing to assess corporate earnings announcements and the developments on the trade front post announcement of U.S.-U.K. and U.S.-China trade agreements.
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32 minit yang lalu
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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1j 41min yang lalu
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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1j 42min yang lalu
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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4j 13min yang lalu
Canadian Dollar Drops Against Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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5j 5min yang lalu
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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5j 18min yang lalu
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Thursday.
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5j 29min yang lalu
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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6j 29min yang lalu
