Fortis Inc. (FTS.TO) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at C$499 million, or C$1.00 per share. This compares with C$459 million, or C$0.93 per share, last year.
Analysts on average had expected the company to earn C$0.97 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.1% to C$3.338 billion from C$3.118 billion last year.
Fortis Inc. earnings at a glance (GAAP) :
-Earnings: C$499 Mln. vs. C$459 Mln. last year.
-EPS: C$1.00 vs. C$0.93 last year.
-Revenue: C$3.338 Bln vs. C$3.118 Bln last year.
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