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Eversource: 3Q Earnings Snapshot

November 3, 2020 GMT

SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Tuesday reported third-quarter earnings of $346.3 million.

On a per-share basis, the Springfield, Massachusetts-based company said it had net income of $1.01.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The New England power provider posted revenue of $2.34 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $2.27 billion.

Eversource expects full-year earnings in the range of $3.60 to $3.70 per share.

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Eversource shares have increased 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $91.98, a rise of 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ES at https://www.zacks.com/ap/ES