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, still down 41.96% from its 52 week high of $14.72 set on September 28.
Altus Power follows other major Utilities sector earnings this month
Altus Power's report follows an earnings beat by NextEra Energy on October 28, 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 November 4 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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