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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.