logo
Share SHARE
FONT-SIZE Plus   Neg

Northeast Utilities Q4 Profit Rises - Quick Facts

Northeast Utilities (NU: Quote) Tuesday said its profit for the fourth quarter increased, helped mainly by higher revenues.

Net income for the quarter rose to $176.5 million from $114.7 million in the comparable quarter last year. On a per share basis, profit fell to $0.55 from $0.64, echoing a lower number of outstanding common stock.

On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.58 per share for the quarter. Analysts' estimates typically exclude special items.

Meanwhile, operating revenues totaled $1.68 billion, up from $1.06 billion a year ago, while five analysts expected revenues of $1.87 billion.

Going ahead to the fiscal 2013, the company Also today, reaffirmed its 2013 earnings guidance between $2.40 per share and $2.60 per share, as well as its longer term earnings per share growth rate of 6 percent to 9 percent. Analysts expect the company to earn $2.54 for the quarter. The company added that the fourth quarter results included approximately $2.1 million or $0.01 per share of after-tax charges.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Fiat Chrysler Automobiles NV (FCAU) is recalling nearly 26 thousand Chrysler 200s to fix a transmission issue that may prevent the vehicle from shifting into "park." Chrysler said that certain 2015-model year Chrysler 200 vehicles with V6 engines were affected. Chrysler blamed "inconsistent assembly... Gap reported an increase in fourth-quarter profit, as same store sales climbed 11 percent at its Old Navy brand, partly offset by currency impact. Earnings for the quarter topped Wall Street estimates by a penny, while sales were in line with expectations. J.C. Penney Co. Inc. (JCP) Thursday reported a swing to loss in the fourth-quarter from a profit last year, reflecting the absence of benefits from hefty tax gains recorded last year, despite a higher-than-expected revenue growth. Shares of the struggling department store chain plunged a near 10 percent,...
comments powered by Disqus
RELATED NEWS
Trade NU now with 
Follow RTT