Clearway Energy (CWEN) Q1 Earnings Surpass Estimates, Sales Lag
Clearway Energy(CWEN) Zacks Investment Research·2024-05-09 22:56
Clearway Energy Inc. (CWEN) recorded a first-quarter 2024 loss of 2 cents per share, which surpassed the Zacks Consensus Estimate of a loss of 27 cents. In the year-ago quarter, the company reported break-even earnings.RevenuesTotal revenues of $263 million missed the Zacks Consensus Estimate of $270 million by 2.6%. The top line also declined 8.7% from the year-ago quarter’s figure of $288 million.Highlights of the ReleaseAdjusted EBITDA for the quarter totaled $211 million compared with $218 million in th ...