ITC Holdings Corp. (ITC) reported third-quarter net income of $37.818 million compared to $28.045 million last year. Earnings per share increased to $0.74 from $0.55 a year ago.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues decreased to $151.328 million from $163.279 million last year.
For 2009, ITC has increased its guidance for full year earnings per share to a range of $2.47-$2.52.
For 2010, the company continues to expect earnings per share of $2.52-$2.62 as previously disclosed, although earnings are now expected to be at the high end of this guidance range.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.