ORANGE, Conn. (AP) _ Avangrid Inc. (AGR) on Monday reported first-quarter earnings of $334 million.

The Orange, Connecticut-based company said it had net income of $1.08 per share. Earnings, adjusted for non-recurring costs, came to $1.14 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The diversified energy and utility company posted revenue of $1.97 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.79 billion.

Avangrid expects full-year earnings in the range of $2.25 to $2.45 per share.

Avangrid shares have climbed 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.96, a rise of 23% 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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