06:52 AM EST, 03/08/2024 (MT Newswires) -- Algonquin Power & Utilities ( AQNB ) reported Q4 adjusted earnings early Friday of $0.16 per diluted share, up from $0.14 a year earlier.

Analysts polled by Capital IQ expected $0.15.

Revenue for the quarter that ended Dec. 31 was $666.9 million, down from $748 million a year earlier.

Analysts surveyed by Capital IQ expected $625.2 million.

The company said it is not providing adjusted net EPS guidance for 2024 "due to the uncertainty regarding the planned sale of its renewable energy business."

Shares of the company traded 12% higher in premarket activity.

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