BUZZ-Algonquin Power & Utilities rises after Q1 profit beat

Reuters
09 May
BUZZ-Algonquin Power & Utilities rises after Q1 profit beat

Updates

** Shares of Canadian utility company Algonquin Power & Utilities Corp AQN.TO rise 8.5% to C$8.26 in morning trade

** Company posts Q1 adjusted earnings of 14 cents per share vs est. of 10 cents per share - data compiled by LSEG

** AQN's regulated services group segment reports quarterly net earnings of $134.6 million compared with $93.8 million a year ago

** Company's hydro group segment reports Q1 net earnings of $15.9 million compared with $2.5 million last year

** U.S.-listed shares AQN.N up 7.1% at $5.85

** Including sessions moves, Toronto-listed stock up 26.6% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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