Fortis: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 09:45 AM ET
Last Updated - Jun 21, 2023, 11:26 PM EDT
ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported first-quarter earnings of $335 million.
On a per-share basis, the St. john`S, Newfoundland-based company said it had net income of 67 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The electric and gas utility posted revenue of $2.45 billion in the period.
