Hannon Armstrong: Q2 Earnings Snapshot

August 4, 2022 GMT

ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Thursday reported a second-quarter loss of $18.4 million, after reporting a profit in the same period a year earlier.

The Annapolis, Maryland-based company said it had a loss of 21 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The provider of financing for sustainable infrastructure projects posted revenue of $62.8 million in the period. Its adjusted revenue was $25.9 million, missing Street forecasts. Five analysts surveyed by Zacks expected $30.1 million.

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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