Avangrid (AGR) Misses Q2 EPS by 9c, Revs Beat; Reaffirms
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AVANGRID Reports Second Quarter 2018 Earnings Results & Reaffirms 2018 Earnings Outlook
July 24, 2018 7:00 AM EDT2Q 18 consolidated U.S. GAAP net income of $107 million, or $0.35 per share; consolidated non-U.S. GAAP adjusted net income of $128 million, or $0.41 per share Reaffirms 2018 earnings per share outlook of $2.16-$2.46 on a U.S. GAAP basis and $2.22-$2.50 on a non-U.S. GAAP adjusted basis; guiding to the lower half of the 2018 earnings per share range Executed a contract for additional ~158 mega-watts (MW) for a new wind project; ~497 MW wind & solar projects currently under construction Completed the sale of Gas Storage businesses... More
