Brookfield Renewable: Second Quarter Results Summary

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported a loss…

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Brookfield Renewable Energy Partners LP (BEP) on Friday reported a loss of $88 million in its second quarter.

The Hamilton, Bermuda-based company said it had a loss of 28 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The hydro and wind farm operator posted revenue of $1.48 billion in the period. Its adjusted revenue of $830 million also missed Street forecasts. Six analysts surveyed by Zacks had expected $915.3 million.

Brookfield Renewable shares are down 8% year to date. The stock is down 14% over the past 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Get a Zacks stock report on BEP at https://www.zacks.com/ap/BEP