Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Northeast Utilities Q4 Profit Rises - Quick Facts

RELATED NEWS
Trade NU now with 

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.

Click here to receive FREE breaking news email alerts for Northeast Utilities and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amazon.com, Inc. said Thursday that its second quarter loss widened from last year, as operating expenses outpaced revenue growth amid heavy spending on new technology and contents. The company's quarterly loss per share was also wider than what analysts expected, but is quarterly sales came in line with analysts' forecast. The company also forecast an operating loss for the current quarter. After failing to sustain an initial upward move, stocks showed a lack of direction throughout much of the trading day on Thursday. The major averages eventually closed nearly unchanged, turning in a mixed performance for the second straight day. New home sales in the U.S. showed a notable decrease in the month of June, according to a report released by the Commerce Department on Thursday, with the steep drop offsetting the jump seen in the previous month.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.