NSTAR (NST) reported that its fourth-quarter net income attributable to shareholders increased to $47.640 million or $0.45 per share from $42.122 million or $0.39 per share last year.
Net income from continuing operations was $46.520 million or $0.43 per share compared to $39.765 million or $0.37 per share last year.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues from continuing operations decreased to $712.545 million from $781.472 million a year ago.
The company expects 2010 earnings per share to be in the $2.45 to $2.55 range. This range excludes the anticipated gain on the pending sale of MATEP.
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