Q: Hello Peter,
From what i gather, all three companies reported good numbers. Lumine group is surging, but bep.un is down and topicus from yahoo shows very little volume. Can you please comment on results? thanks very much
From what i gather, all three companies reported good numbers. Lumine group is surging, but bep.un is down and topicus from yahoo shows very little volume. Can you please comment on results? thanks very much
5i Research Answer:
TOI/LMN comments are now posted; BEP revenue was $934M, up 4.2%, but below estimates of $1.17B. EBITDA was $507M, up 2.4% but below estimates of $534M. Cash flow per unit was 38c, vs 39c estimated. BEP noted 'the prospects for our businesses are as strong as ever'. The company signed $2.2B in new equity deals in the quarter, setting up future growth. While it was a 'miss', the company comments and the FED comments likely means the worst is over for the stock (it had a good week).