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AVANGRID, Inc. (AGR) Misses Q3 EPS by 24c; Updates FY16 Outlook

Go back to AVANGRID, Inc. (AGR) Misses Q3 EPS by 24c; Updates FY16 Outlook

AVANGRID Reports Third Quarter 2016 Earnings Results

October 25, 2016 6:00 AM EDT

Revises 2016 Earnings Outlook, Maintains 8-10% Long-term Earnings CAGR and Announces Execution of Renewables Safe Harbor Strategy for up to 2,000 MWs

NEW HAVEN, Conn.--(BUSINESS WIRE)-- Today AVANGRID, Inc. (NYSE: AGR) reports its financial results for the third quarter of 2016, including consolidated net income of $109 million, or $0.35 per share, for the third quarter of 2016, compared to $54 million, or $0.22 per share, for the same period in 2015. For the first nine months of 2016, consolidated net income was $423 million, or $1.36 per share, compared to $171 million, or $0.68 per share, for the first nine... More