Algonquin Power & Utilities: Q3 Earnings Snapshot

OAKVILLE, Ontario (AP) — OAKVILLE, Ontario (AP) — Algonquin Power & Utilities Corp. (AQN) on Friday reported third-quarter profit of $59.8 million.

On a per-share basis, the Oakville, Ontario-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 11 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The utility operator posted revenue of $642.5 million in the period.

Algonquin Power & Utilities shares have declined slightly more than 8% since the beginning of the year. The stock has risen roughly 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AQN at https://www.zacks.com/ap/AQN