Zacks Investment Research | Nov 05, 2019 10:43PM ET
Clearway Energy Inc. (NYSE:CWEN) reported third-quarter 2019 earnings of 36 cents per share, lagging the Zacks Consensus Estimate of 71 cents by 49.3%. However, the reported earnings increased 80% from the year-ago figure of 20 cents.
Total Revenues
The company's total revenues in third-quarter 2019 were $296 million, lagging the Zacks Consensus Estimate of $328 million by 9.8%. However, the top line was up 1.4% from the year-ago reported figure.
Highlights of the Release
Total operating expenses in the quarter amounted to $206 million, increasing 7.3% from the year-ago period.
Operating income in the reported quarter was $90 million, down 11.1% from the year-ago level.
Interest expenses amounted to $106 million, increasing 43.2% from the year-ago period.
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