ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Friday reported second-quarter earnings of $277.5 million.
The St. john`S, Newfoundland-based company said it had net income of 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The electric and gas utility posted revenue of $2.03 billion in the period.
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