SAN FRANCISCO (AP)--Sunrun Inc. (RUN) on Thursday reported first-quarter net income of $13.1 million.

The San Francisco-based company said it had net income of 13 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The solar energy products distributor posted revenue of $98.7 million in the period.

Sunrun shares have declined 48 percent since the beginning of the year.

--Associated Press

Published on: May 12, 2016