Eversource Energy (ES) released earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $550.79 million, or $1.50 per share. This compares with $521.85 million, or $1.49 per share, last year.
Analysts on average had expected the company to earn $1.51 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 23.6% to $4.118 billion from $3.332 billion last year.
Eversource Energy earnings at a glance (GAAP) :
-Earnings: $550.79 Mln. vs. $521.85 Mln. last year.-EPS: $1.50 vs. $1.49 last year.-Revenue: $4.118 Bln vs. $3.332 Bln last year.
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