Fortis Inc. (FTS.TO) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at C$331 million, or C$0.67 per share. This compares with C$294 million, or C$0.61 per share, in last year's second quarter.
Excluding items, Fortis Inc. reported adjusted earnings of C$0.67 per share for the period.
Analysts on average had expected the company to earn C$0.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Fortis Inc. earnings at a glance (GAAP) :
-Earnings (Q2): C$331 Mln. vs. C$294 Mln. last year.
-EPS (Q2): C$0.67 vs. C$0.61 last year.
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