Algonquin gains on Q4 revenue beat

Algonquin Power & Utilities

17/03/2023 14:15

** Algonquin Power & Utilities Corp's shares  AQN.TO  up
3.8% at C$10.90
    ** Reports Q4 revenue of $748.00 mln, up 26% from a year
earlier and beats analysts' average estimate of $685.66 mln -
Refinitiv
    ** Adj earnings of $0.22/shr for the quarter narrowly miss
Wall Street estimate of $0.23/shr
    ** Co reiterates 2023 adj EPS guidance to the range of
$0.55/shr to $0.61/shr, with midpoint falling below analysts'
estimate of $0.60/shr
    ** Including session's gain, stock up 22% YTD

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))