Fortis: Q3 Earnings Snapshot
AP – Fri Oct 28, 8:47AM CDT
ST. JOHN`S, Newfoundland (AP) _ Fortis Inc. (FTS) on Friday reported third-quarter net income of $249.9 million.
On a per-share basis, the St. john`S, Newfoundland-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, came to 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The electric and gas utility posted revenue of $1.96 billion in the period.
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