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Canadian Utilities LTD Bottom Line Drops In Q2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Canadian Utilities LTD (CU.TO) revealed a profit for second quarter that decreased from the same period last year

The company's earnings totaled C$62 million, or C$0.16 per share. This compares with C$105 million, or C$0.32 per share, in last year's second quarter.

Excluding items, Canadian Utilities LTD reported adjusted earnings of C$117 million or C$0.43 per share for the period.

The company's revenue for the quarter fell 2.2% to C$860 million from C$879 million last year.

Canadian Utilities LTD earnings at a glance (GAAP) :

-Earnings (Q2): C$62 Mln. vs. C$105 Mln. last year.
-EPS (Q2): C$0.16 vs. C$0.32 last year.
-Revenue (Q2): C$860 Mln vs. C$879 Mln last year.

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