ANNAPOLIS, Md. (AP) _ Hannon Armstrong Sustainable Infrastructure Capital Inc. (HASI) on Tuesday reported first-quarter profit of $51 million.

On a per-share basis, the Annapolis, Maryland-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring gains, came to 43 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The provider of financing for sustainable infrastructure projects posted revenue of $51.7 million in the period. Its adjusted revenue was $24.1 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $20.7 million.

Hannon Armstrong shares have fallen 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $48.77, an increase of 79% 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

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