ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Thursday reported first-quarter profit of $24.3 million.

On a per-share basis, the Annapolis, Maryland-based company said it had net income of 35 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 43 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The provider of financing for sustainable infrastructure projects posted revenue of $40.8 million in the period. Its adjusted revenue was $22.7 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $21.5 million.

Hannon Armstrong shares have decreased 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.77, an increase of 1.5% 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 HASI at https://www.zacks.com/ap/HASI

Automated Insights, source Associated Press News