ANNAPOLIS, Md. — ANNAPOLIS, Md. — HA Sustainable Infrastructure Capital, Inc. (HASI) on Thursday reported second-quarter profit of $26.5 million.
The Annapolis, Maryland-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The provider of financing for sustainable infrastructure projects posted revenue of $94.5 million in the period. Its adjusted revenue was $39.2 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $31 million.