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

RTTNews | 1074天前
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
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.
RTTNews | 28分钟前
European Economic News Preview: Eurozone Current Account Data Due

European Economic News Preview: Eurozone Current Account Data Due

Current account from the euro area and producer prices from Germany are due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's producer prices for September. Economists expect producer prices to grow 0.1 percent month-on-month, in contrast to the 0.5 percent fall in August.
RTTNews | 1小时39分钟前
Sensex, Nifty Up Firmly In Positive Territory; RIL, Bank Stocks Rally

Sensex, Nifty Up Firmly In Positive Territory; RIL, Bank Stocks Rally

Indian stocks are up firmly in positive territory Monday morning, led by gains in Reliance Industries, and several stocks from the financial sector. Positive cues from Wall Street and Asian markets amid easing U.S.-China trade tensions, and some upbeat earnings announcements from big name banks are contributing to the firm undertone in the market.
RTTNews | 1小时41分钟前
Australian Market Swings To Gains In Mid-market

Australian Market Swings To Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market trading on Monday, reversing some of the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 9,000.00 mark, with gains in energy, financial and technology stocks partially offset by steep declines in gold and other mining stocks.
RTTNews | 3小时55分钟前