Fortis: Q4 Earnings Snapshot

ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Friday reported fourth-quarter net income of $279.9 million.

On a per-share basis, the St. john`S, Newfoundland-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring gains, were 53 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share.

The electric and gas utility posted revenue of $2.12 billion in the period.

For the year, the company reported profit of $1.12 billion, or $2.29 per share. Revenue was reported as $8.53 billion.


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