Hannon Armstrong: Q4 Earnings Snapshot
ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Thursday reported fourth-quarter profit of $62.4 million.
The Annapolis, Maryland-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring gains, were 47 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The provider of financing for sustainable infrastructure projects posted revenue of $53.7 million in the period. Its adjusted revenue was $30.5 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $25 million.
For the year, the company reported profit of $126.6 million, or $1.51 per share. Revenue was reported as $106.9 million.