ITC Holdings Corp. (ITC) reported third-quarter net income of $37.818 million compared to $28.045 million last year. Earnings per share increased to $0.74 from $0.55 a year ago.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.60 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues decreased to $151.328 million from $163.279 million last year.
For 2009, ITC has increased its guidance for full year earnings per share to a range of $2.47-$2.52.
For 2010, the company continues to expect earnings per share of $2.52-$2.62 as previously disclosed, although earnings are now expected to be at the high end of this guidance range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.