Emera Inc.'s (EMA.TO: Quote) consolidated net income for the second-quarter 2012 was C$53.2 million or C$0.43 per share, up from C$29.9 million or C$0.24 per share in the second-quarter 2011. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Excluding the effect of mark-to-market accounting adjustments, net income for the latest-quarter was C$46.3 million or C$0.37 per share, compared to C$32.0 million or C$0.26 per share last year. Earnings in the quarter included an C$11.6 million after-tax gain realized on Algonquin Power & Utilities Corp. (Algonquin) subscription receipts.
Click here to receive FREE breaking news email alerts for Emera Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org