02.08.2023 12:39:37 - dpa-AFX: Fortis Inc. Q2 Profit Increases, beats estimates

OTTAWA (dpa-AFX) - Fortis Inc. (FTS.TO) revealed earnings for its second
quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at C$294 million, or C$0.61 per share. This
compares with C$284 million, or C$0.59 per share, in last year's second quarter.

Excluding items, Fortis Inc. reported adjusted earnings of C$302 million or
C$0.62 per share for the period.

Analysts on average had expected the company to earn C$0.61 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

Fortis Inc. earnings at a glance (GAAP) :

-Earnings (Q2): C$294 Mln. vs. C$284 Mln. last year.
-EPS (Q2): C$0.61 vs. C$0.59 last year.
-Analyst Estimate: C$0.61


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
FORTIS INC. 881347 Frankfurt 35,800 19.06.24 13:56:29 ±0,000 ±0,00% 0,000 0,000 35,300 35,800

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