Eversource: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 06:12 PM ET
Last Updated - Feb 13, 2024, 06:12 PM EST
SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Eversource Energy (ES) on Tuesday reported a loss of $1.29 billion in its fourth quarter.
On a per-share basis, the Springfield, Massachusetts-based company said it had a loss of $3.68. Earnings, adjusted for asset impairment costs, came to 95 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The New England power provider posted revenue of $2.69 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $3.15 billion.
