HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported fourth-quarter earnings of $188 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had net loss of 6 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.43 billion in the period. Its adjusted revenue was $737 million, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $837.4 million.
For the year, the company reported that its loss narrowed to $9 million, or 89 cents per share. Revenue was reported as $3.25 billion.
Brookfield Renewable shares have declined 9% since the beginning of the year. The stock has declined 22% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEP at https://www.zacks.com/ap/BEP
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.