Fortis: Q2 Earnings Snapshot – mySA

ST. JOHN`S, Newfoundland (AP) _ Fortis Inc. (FTS) on Thursday reported second-quarter net income of $222.5 million.

The St. john`S, Newfoundland-based company said it had net income of 46 cents per share. Earnings, adjusted for non-recurring gains, were 44 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The electric and gas utility posted revenue of $1.95 billion in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTS at https://www.zacks.com/ap/FTS

Original News Source