Brookfield Infrastructure (TSE:BIPC) Announces Quarterly Earnings Results

Brookfield Infrastructure (TSE:BIPC) issued its quarterly earnings data on Wednesday. The company reported C$7.59 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.23 billion for the quarter. Brookfield Infrastructure had a negative net margin of 6.64% and a positive return on equity of 21.39%.

Brookfield Infrastructure Stock Down 10.9%

Shares of BIPC opened at C$48.53 on Thursday. The firm has a market cap of C$5.94 billion, a P/E ratio of -24.16 and a beta of 1.97. Brookfield Infrastructure has a 12-month low of C$46.74 and a 12-month high of C$70.05. The company’s 50-day moving average price is C$59.20 and its 200 day moving average price is C$62.17. The company has a current ratio of 0.26, a quick ratio of 0.24 and a debt-to-equity ratio of -1,023.34.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.