Algonquin Power falls on Q1 results miss

Algonquin Power & Utilities

10/05/2024 13:44

** U.S.-listed shares of Canadian utility firm Algonquin
Power  AQN.N   AQN.TO  down ~3% at $6.55 premarket  
    ** Co posts adjusted Q1 profit of 14 cents/shr, missing
analysts' average estimate of 16 cents/shr - LSEG data
    ** Firm's revenue falls 5% to $737.10 mln, below est. of
$807 mln
    ** AQN appoints Chris Huskilson as its chief executive
officer
    ** Huskilson had been serving as interim CEO since August
    ** Up to last close, stock has risen 6.8% YTD
    

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com;))