ORANGE, Conn. (AP) _ Avangrid Inc. (AGR) on Tuesday reported third-quarter profit of $111 million.

On a per-share basis, the Orange, Connecticut-based company said it had net income of 29 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The diversified energy and utility company posted revenue of $1.6 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.56 billion.

Avangrid expects full-year earnings in the range of $2.04 to $2.22 per share.

Avangrid shares have risen 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.38, an increase of 4.5% 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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