ORANGE, Conn. (AP) _ Avangrid Inc. (AGR) on Tuesday reported fourth-quarter profit of $223 million.

On a per-share basis, the Orange, Connecticut-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 74 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The diversified energy and utility company posted revenue of $1.61 billion in the period.

For the year, the company reported profit of $700 million, or $2.26 per share. Revenue was reported as $6.34 billion.

Avangrid expects full-year earnings in the range of $2.17 to $2.37 per share.

Avangrid shares have climbed 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.30, a climb of 14% in the last 12 months.

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

Automated Insights, source Associated Press News