Unitil Reports Third Quarter Earnings
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Unitil Corporation reported a decrease in GAAP Net Income for Q3 2024 compared to Q3 2023, but an increase in Net Income for the first nine months of 2024 compared to the same period in 2023. Adjusted Net Income also showed a similar trend.
November 05, 2024 | 12:30 pm
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Unitil Corporation's Q3 2024 earnings report shows a decrease in GAAP Net Income compared to Q3 2023, but an increase for the first nine months of 2024. Adjusted Net Income also decreased in Q3 but increased for the nine-month period.
The decrease in Q3 earnings might concern investors, but the overall increase for the nine-month period could offset short-term negative sentiment. The mixed results suggest a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100