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Stock impact report

Fortis reports quarterly profit, revenue up from a year ago [Toronto Globe and Mail (Ontario, Canada)]

Fortis Inc. Common Shares (FTS) 
Last fortis inc. common shares earnings: 2/13 06:00 am Check Earnings Report
ST. JOHN’S, N.L. The Canadian Press Published November 2, 2018 Updated November 2, 2018 For Subscribers Comments Fortis Inc. reported its profit edged down compared with a year ago, when it received a one-time boost as its revenue improved by 7 per cent. The electric and gas utility says its profit attributable to common shareholders amounted to $276 million or 65 cents per diluted share for the quarter ended Sept. 30. The result was down from $278 million or 66 cents per share a year ago when the company received a $24-million break fee related to the termination of its Waneta Dam acquisition. Story continues below advertisement Revenue totalled $2.04 billion, up from $1.90 billion a year ago. On an adjusted basis, Fortis says it earned 65 cents per share, up from 61 cents per share a year. Analysts on average had expected a profit of 63 Show less Read more
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