Investing.com - Altus Power reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Altus Power announced earnings per share of $-0.63 on revenue of $30.4M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $29.44M.
Altus Power shares are down 19.03% from the beginning of the year and are trading at $8.54 , down-from-52-week-high.
Altus Power follows other major Utilities sector earnings this month
Altus Power's report follows an earnings beat by NextEra Energy on Friday, October 28, 2022, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on Friday, November 4, 2022 with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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