ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Thursday reported second-quarter earnings of $12 million.

On a per-share basis, the Annapolis, Maryland-based company said it had profit of 16 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 36 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The provider of financing for sustainable infrastructure projects posted revenue of $48.6 million in the period. Its adjusted revenue was $26.9 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $20.6 million.

Hannon Armstrong shares have climbed 14% since the beginning of the year. The stock has climbed 36% 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