ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported second-quarter net income of $241.9 million.

The St. john`S, Newfoundland-based company said it had net income of 49 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The electric and gas utility posted revenue of $1.95 billion in the period.

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