Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Brookfield Infrastructure Q2 FFO Climbs - Quick Facts

RELATED NEWS
Trade BIP now with 
8/8/2012 7:59 AM ET

Brookfield Infrastructure Partners L.P. (BIP: Quote) posted second-quarter funds from operations, or FFO, of $111 million or $0.60 per unit versus $102 million or $0.65 per unit last year.

For the quarter, the company reported net loss of $26 million or $0.14 per unit compared to net income of $26 million or $0.17 per unit a year ago.

Total operating platforms - revenues less direct costs - were up to $201 million from last year's $185 million.

Additionally, the company said its Board of Directors has declared a quarterly distribution in the amount of $0.375 per unit, payable on September 28, 2012 to unitholders of record as at the close of business on August 31, 2012.

Click here to receive FREE breaking news email alerts for Brookfield Infrastructure Partners and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Data-storage products maker NetApp Inc. said Tuesday after the markets closed that its fourth quarter profit fell 4% from last year, hurt mainly by higher operating expenses even as revenue grew slightly. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Analog Devices, Inc. said that its second quarter profit rose slightly from last year, helped mainly by lower income tax expenses even as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations. However, the company forecast third quarter revenue and earnings below analysts' current consensus estimates. While buying interest was relatively subdued, stocks moved modestly higher over the course of the trading day on Tuesday. The strength on the day offset the weakness seen in the previous session, with the Dow and the S&P 500 reaching new record closing highs. The major averages gave back some ground in late-day trading but remained in positive territory.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.