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Stock impact report

National Grid Hit a Few Stumbling Blocks in Its First Half [The Motley Fool]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: The Motley Fool
One-time charges took a bite out of the multinational utility company's bottom line, but management still sees a brighter future ahead. Whenever a company is in transition like National Grid ( NYSE:NGG ) is, it's bound to run into a few hurdles along the way. In its most recent half-year earnings report, the electricity and gas utility reported some one-time impacts as it looked to overhaul its U.K. business, and renegotiated some contracts with its U.S. subsidiaries. Despite these charges, management believes it is on the right track, and continued to invest in one of its largest growth opportunities: interconnector lines between continental Europe and the U.K.  Here's a brief look at National Grid's most recent results, and a breakdown of what investors should take away from the report. Image source: Getty Images. National Grid's earnings: The raw numbers Metric* H1 2018 H1 2017 YOY Change Revenue $8.31 billion $8.75 billion (5%) Show less Read more
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