Eversource: Q1 Earnings Snapshot
SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported first-quarter net income of $443.4 million.
On a per-share basis, the Springfield, Massachusetts-based company said it had profit of $1.28. Earnings, adjusted for costs related to mergers and acquisitions, were $1.30 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The New England power provider posted revenue of $3.47 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.01 billion.