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Stock impact report

AVANGRID (AGR) Q1 Earnings Top Estimates, Sales Decline Y/Y [Yahoo! Finance]

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
AGR reported first-quarter 2024 earnings of 88 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents by 23.9%. The bottom line also increased 37.5% from the year-ago quarter's figure of 64 cents. Total Revenues Operating revenues amounted to $2.42 billion, which missed the Zacks Consensus Estimate of $2.57 billion by 6.01%. The top line also decreased 2% from $2.47 billion reported in the comparable period of 2023. Avangrid, Inc. Price, Consensus and EPS Surprise Avangrid, Inc. price-consensus-eps-surprise-chart | Avangrid, Inc. Quote Highlights of the Release Operating expenses totaled $2.01 billion, down 8.6% from the year-ago quarter's recorded number of $2.2 billion. This was due to a 25.9% decrease in purchased power, natural gas and fuel used. Operating income amounted to $407 million, up 53.6% from $265 million reported in the prior-year period. Adjusted net income was $341 million, up 37.5% from $248 million recorded in the comparable period Show less Read more
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