HAMILTON, Bermuda (AP) _ Brookfield Renewable Energy Partners LP (BEP) on Friday reported first-quarter net income of $33 million, after reporting a loss in the same period a year earlier.
The Hamilton, Bermuda-based company said it had profit of 16 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The operator of hydroelectric and wind power generation facilities posted revenue of $1.14 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $668.9 million.
Brookfield Renewable shares have dropped 2% since the beginning of the year. The stock has fallen 6.5% in the last 12 months.
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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 BEP at https://www.zacks.com/ap/BEP
