Fortis Inc. Reports First Quarter 2018 Earnings
Fortis Inc. Common Shares (FTS)
Last fortis inc. common shares earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
fortisinc.com/investor-relations/investor-relations
Company Research
Source: GlobeNewswire
ST. JOHN'S, Newfoundland and Labrador, May 01, 2018 (GLOBE NEWSWIRE) -- Fortis Inc. (TSX:FTS) (NYSE:FTS) 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 reported first quarter 2018 net earnings of $323 million, or $0.77 per common share, and adjusted net earnings1 of $293 million, or $0.69 per common share. The difference between reported net earnings and adjusted net earnings for the first quarter 2018 was largely due to a favourable one-time $30 million remeasurement of the Corporation's deferred income tax liabilities as a result of an election to file a consolidated state income tax return. "We are off to a good start in 2018 from both an operational and financial perspective with first quarter performance aligned with our expectations. Additionally, we made progress on incremental growth opportunities including the announceme
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