Algonquin Power Q2 EPS $0.08 Misses $0.11 Estimate, Sales $627.90M Miss $635.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power (NYSE:AQN) reported Q2 earnings of $0.08 per share, missing the analyst consensus estimate of $0.11 by 27.27%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $627.90 million, missing the analyst consensus estimate of $635.26 million by 1.16%. This is a 0.58% increase from the same period last year.
August 10, 2023 | 10:31 am
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NEGATIVE IMPACT
Algonquin Power's Q2 earnings and sales missed estimates, with a significant decrease in earnings per share compared to last year.
Algonquin Power's earnings per share and sales both missed analyst estimates, which is likely to negatively impact investor sentiment and potentially the stock price. The significant decrease in earnings per share compared to the same period last year further exacerbates this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100