05:06 PM EDT, 04/23/2024 (MT Newswires) -- Avangrid ( AGR ) reported Q1 adjusted net income late Tuesday of $0.88 per diluted share, up from $0.64 per share a year earlier.

Analysts polled by Capital IQ expected $0.69 per share.

Operating revenue for the quarter ended March 31 was $2.42 billion, down from $2.47 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.54 billion.

The company affirmed 2024 adjusted earnings outlook of $2.17-$2.32 per share.

Company shares were up 1% in after-hours activity.

Price: 37.24, Change: +0.40, Percent Change: +1.09%