Q: May I have your comments on earnings
5i Research Answer:
BEP.UN comments are posted here. EMA EPS of 81c beat estimates of 78c; revenue of $1.8B missed estimates of $2.05B. EBITDA of $804M missed estimates by 3%. EPS rose 8%. Lower corporate costs helped. EMA is on track to fully deploy its $2.9B in capital committments this year. The results reflect solid operational performance, particularly in Florida, though this was before one of the recent two hurricanes. We are comfortable with the results.