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

Editors Pick
Software giant Microsoft Corp. said Monday after the markets closed that its second quarter profit fell 11% from last year, hurt mainly by integration and restructuring costs as well as higher income tax expenses even as revenue increased 8% due to strong sales of its gadgets and cloud-based products. English-made Cadbury chocolates will no longer be available in the United States, the result of a settlement between Hershey and a New Jersey-based import company. Beloved treats such as the Cadbury Creme Egg will only be sold in the U.S. using American chocolate, angering those who say the creamier... Gas prices are set to climb again after a long time due to rising wholesale prices. According to Lundberg Survey, while the national average price of gas fell 13 cents in the past two weeks to $2.07 a gallon, it could soon rise due to increased costs of crude oil in the past 10 days.
comments powered by Disqus
RELATED NEWS
Trade NU now with 
Follow RTT