Algonquin Power: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Algonquin Power (NYSE:AQN) reported its Q3 earnings, missing estimated earnings by 8.33% with an EPS of $0.11 versus an estimate of $0.12. Revenue was down $42.00 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 2.09% drop in the share price the next day.
November 10, 2023 | 11:55 am
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Algonquin Power's Q3 earnings missed estimates, which could potentially lead to a drop in share price, similar to the last quarter.
Algonquin Power's earnings miss could negatively impact its stock price. In the previous quarter, a similar earnings miss led to a 2.09% drop in the share price the next day. Investors may react similarly this quarter, leading to a potential decrease in the stock price.
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