ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Tuesday reported third-quarter earnings of $307.9 million.

The St. john`S, Newfoundland-based company said it had net income of 62 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The electric and gas utility posted revenue of $2.03 billion in the period.

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