AVANGRID Reports Third Quarter 2018 Earnings Results

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Avangrid (AGR) Misses Q3 EPS by 1c, Revenues Beat; Reaffirms FY18 EPS Outlook

October 23, 2018 4:23 PM EDT

Avangrid (NYSE: AGR) reported Q3 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.32 billion.

AVANGRID had solid results for the quarter mainly driven by increased gross margin at our Renewables business and the implementation of rate plans at our Networks businesses, commented James P. Torgerson, chief executive officer of... More