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Enbridge Inc. Q1 adjusted earnings Beat Estimates

Enbridge Inc. (ENB.TO) announced a profit for its first quarter that increased from last year.

The company's bottom line came in at C$1.89 billion, or C$0.94 per share. This compares with C$445 million, or C$0.26 per share, in last year's first quarter.

Excluding items, Enbridge Inc. reported adjusted earnings of C$1.64 billion or C$0.81 per share for the period.

Analysts had expected the company to earn C$0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Enbridge Inc. earnings at a glance:

-Earnings (Q1): C$1.64 Bln. vs. C$1.38 Bln. last year.
-EPS (Q1): C$0.81 vs. C$0.82 last year.
-Analysts Estimate: C$0.44

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