Eversource: 3Q Earnings Snapshot
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.
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.