Fortis Inc. (FTS.TO) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled C$396 million, or C$0.79 per share. This compares with C$381 million, or C$0.78 per share, last year.
Excluding items, Fortis Inc. reported adjusted earnings of C$416 million or C$0.83 per share for the period.
Analysts on average had expected the company to earn C$0.81 per share. Analysts' estimates typically exclude special items.
Fortis Inc. earnings at a glance (GAAP) :
-Earnings: C$396 Mln. vs. C$381 Mln. last year.-EPS: C$0.79 vs. C$0.78 last year.
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