AVANGRID (AGR) Q1 Earnings Top Estimates, Sales Decline Y/Y

AVANGRID, Inc. (AGR) reported first-quarter 2024 earnings of 88 cents per share, which surpassed the Zacks Consensus Estimate of 71 cents by 23.9%. The bottom line also increased 37.5% from the year-ago quarter’s figure of 64 cents.Total RevenuesOperating revenues amounted to $2.42 billion, which missed the Zacks Consensus Estimate of $2.57 billion by 6.01%. The top line also decreased 2% from $2.47 billion reported in the comparable period of 2023. Highlights of the ReleaseOperating expenses totaled $2.01 ...