ORANGE, Conn. (AP) _ Avangrid Inc. (AGR) on Tuesday reported third-quarter net income of $87 million.

On a per-share basis, the Orange, Connecticut-based company said it had net income of 28 cents. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The diversified energy and utility company posted revenue of $1.47 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $1.52 billion.

Avangrid expects full-year earnings in the range of $1.90 to $2 per share.

Avangrid shares have increased roughly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.06, an increase of slightly more than 6% 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

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