Brookfield Renewable: Q3 Earnings Snapshot
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported third-quarter net income of $24 million, after reporting a loss in the same period a year earlier.
HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported third-quarter net income of $24 million, after reporting a loss in the same period a year earlier.
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The Hamilton, Bermuda-based company said it had net loss of 14 cents per share.
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The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.18 billion in the period. Its adjusted revenue was $623 million, also missing Street forecasts. Four analysts surveyed by Zacks expected $712.5 million.
Brookfield Renewable shares have declined almost 8% since the beginning of the year. The stock has fallen 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEP at https://www.zacks.com/ap/BEP