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Altus Power Swings To Profit In Q2; Reaffirms FY22 Outlook
(RTTNews) - Altus Power, Inc. (AMPS) announced Monday second-quarter net income attributable to Altus of $24.12 million or $0.16 per share, compared to a net loss of $1.19 million or $0.01 per share in the prior-year quarter.
Operating revenues for the quarter increased 41 percent to $24.76 million from $17.61 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.00 per share and revenues of $23.78 million for the second quarter. Analysts' estimates typically exclude special items.
The company also reaffirmed its full year 2022 adjusted EBITDA guidance in the range of $57 million to $63 million.
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U.S. Dollar Climbs Off Worst Levels But Continues To See Moderate Weakness
The U.S. dollar is seeing moderate weakness during trading on Friday, extending the downward move seen over the past week amid concerns about the impact of President Donald Trump's new tariffs.
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Swiss Franc Advances Against Euro, Pound
The Swiss franc moved up against the euro and the pound in the New York session on Friday.
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Swiss Market Ends Modestly Higher
The Switzerland market, which spent much of the day's session in negative territory, closed on a positive note on Friday, thanks to some strong buying at select counters in the final hour.
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European stocks closed weak on Friday as uncertainty surrounding U.S. Government's trade policy, and growth concerns due to weak U.S. non-farm payroll data, rendered the mood cautious, prompting investors to lighten commitments ahead of the weekend.
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Powell Says Fed 'Well Positioned' To Wait For 'Greater Clarity' About Impact Of Trump's Policies
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Canadian Dollar Falls After Soft Canada Jobs Data
The Canadian dollar declined against its major counterparts in the New York session on Friday, as disappointing jobs data raised expectations that the Bank of Canada will cut interest rates at the meeting next week.
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U.S. Employment Climbs Less Than Expected In February, Unemployment Rate Inches Higher
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Bay Street Likely To Open On Mixed Note
Canadian shares are likely to open on a mixed note Friday morning with investors reacting to jobs data from either side of the border, and the trend in commodities markets. Uncertainty surrounding Trump Administration's trade policy is likely to deter investors from making significant moves.
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