Algonquin Power Q2 2024 Adj EPS $0.09 Beats $0.08 Estimate, Sales $598.60M Miss $625.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power (NYSE:AQN) reported Q2 2024 adjusted EPS of $0.09, beating the $0.08 estimate, but sales of $598.60M missed the $625.00M estimate. EPS increased by 12.5% year-over-year, while sales decreased by 4.67%.
August 09, 2024 | 11:45 am
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Algonquin Power (NYSE:AQN) reported Q2 2024 adjusted EPS of $0.09, beating the $0.08 estimate, but sales of $598.60M missed the $625.00M estimate. EPS increased by 12.5% year-over-year, while sales decreased by 4.67%.
While Algonquin Power's EPS beat estimates and showed year-over-year growth, the miss on sales and the year-over-year decline in revenue may offset the positive EPS news, leading to a neutral short-term impact on the stock price.
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