WASHINGTON (dpa-AFX) - Eversource Energy (ES) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $521.85 million, or $1.49 per share. This compares with $491.16 million, or $1.41 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 12.4% to $3.33 billion from $3.80 billion last year.
Eversource Energy earnings at a glance (GAAP) :
-Earnings (Q1): $521.85 Mln. vs. $491.16 Mln. last year. -EPS (Q1): $1.49 vs. $1.41 last year. -Revenue (Q1): $3.33 Bln vs. $3.80 Bln last year.
-Guidance: Full year EPS guidance: $4.50 - $4.67
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