Algonquin Power Q4 Adj EPS $0.16 Beats $0.15 Estimate, Sales $666.90M Beat $652.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power (NYSE:AQN) reported Q4 adjusted EPS of $0.16, surpassing the $0.15 estimate, with sales of $666.90M exceeding the $652.95M forecast. However, this represents a 27.27% decrease in earnings and a 10.84% decrease in sales from the previous year.
March 08, 2024 | 11:32 am
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Algonquin Power reported a Q4 adjusted EPS of $0.16, beating estimates, and sales of $666.90M, also above forecasts. Year-over-year, earnings and sales saw declines.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year declines in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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