Monday, Northeast Utilities (NU) said its third-quarter net income attributable to controlling interest declined to $64.8 million or $0.37 per share from $72.7 million or $0.47 per share, in the prior year period. On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter.
Operating revenues for the quarter fell to $1.30 billion from $1.50 billion in the year-ago period. Four analysts estimated revenues of $1.46 billion for the quarter.
For fiscal 2009, the company still projects earnings guidance to a range of $1.80 per share and $1.90 per share. For fiscal 2010, the company expects earnings to be in the range of $1.80 per share - $2.00 per share. Twelve analysts estimate earnings of $1.84 per share for 2009. Fourteen analysts estimate earnings of $1.94 per share for 2010.
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