Fortis (FTS) Reports Q1 EPS of $0.69

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Go back to Fortis (FTS) Reports Q1 EPS of $0.69

Fortis Reports First Quarter Earnings of $294 million

May 2, 2017 6:01 AM EDT

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwired) -- 05/02/17 -- Fortis Inc. ("Fortis" or the "Corporation") (TSX: FTS)(NYSE: FTS), a leader in the North American regulated electric and gas utility industry, released its first quarter results today. The Corporation's net earnings attributable to common equity shareholders for the first quarter of 2017 were $294 million, or $0.72 per common share, compared to $162 million, or $0.57 per common share, for the first quarter of 2016. The quarterly results were heavily influenced by the addition of electric transmission company ITC Holdings Corp. ("ITC"), acquired in October... More