AVANGRID (AGR) Tops Q1 EPS by 9c; Affirms Outlook
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Avangrid Reports First Quarter 2017 Earnings Results and Affirms 2017 Earnings Outlook
April 25, 2017 7:00 AM EDTNEW HAVEN, Conn.--(BUSINESS WIRE)-- Today Avangrid, Inc. (NYSE: AGR) reported consolidated net income of $239 million, or $0.77 per share, for the first quarter ended March 31, 2017, compared to $212 million, or $0.69 per share, for the same period in 2016, a 13% increase in net income.
Net income and earnings per share for the first quarter of 2017 and 2016 on a U.S. GAAP basis are set forth below:
 ÂNet Income (Loss) - $M
 Three Months ended March 31, $M  2017    2016   '17 vs '16 Networks $ 172 $ 165 $ 7 Renewables 70 43 27 Corporate (5 ) 15 (20 ) Gas Storage  2   (10 )  ... More