Hannon Armstrong: 4Q Earnings Snapshot

ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Thursday reported fourth-quarter net income of $24.9 million.

On a per-share basis, the Annapolis, Maryland-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, were 37 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The provider of financing for sustainable infrastructure projects posted revenue of $48.9 million in the period. Its adjusted revenue was $22.6 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $17.7 million.

For the year, the company reported profit of $82.4 million, or $1.10 per share. Revenue was reported as $94.7 million.

Hannon Armstrong shares have dropped 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.18, an increase of 51% 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 HASI at https://www.zacks.com/ap/HASI

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