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

RTTNews | 917 hari yang lalu
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

read more
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Friday as a slew of weak U.S. economic data suggested the Federal Reserve may have more leeway to cut interest rates later this year.
RTTNews | 19 minit yang lalu
Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
RTTNews | 43 minit yang lalu
NZ Dollar Rebounds Against Majors

NZ Dollar Rebounds Against Majors

The New Zealand dollar rebounded from recent lows against other major currencies in the Asian session on Friday.
RTTNews | 2j 2min yang lalu
Malaysia GDP Growth Softens As Estimated

Malaysia GDP Growth Softens As Estimated

Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions. Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia re
RTTNews | 2j 15min yang lalu
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.
RTTNews | 2j 35min yang lalu
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Friday as investors look for the next trigger to move markets. A day after U.S. President Donald Trump announced that India has offered to "literally charge us no tariffs" on American goods, India's External Affairs Minister S Jaishankar labelled the talks "complicated' and warning "nothing is decided till everything is…"
RTTNews | 3j 51min yang lalu