SPRINGFIELD, Mass. (AP) — SPRINGFIELD, Mass. (AP) — Eversource Energy (ES) on Wednesday reported first-quarter profit of $606.8 million.
The Springfield, Massachusetts-based company said it had profit of $1.61 per share. Earnings, adjusted for non-recurring costs, were $1.73 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The New England power provider posted revenue of $4.5 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.21 billion.
Eversource expects full-year earnings in the range of $4.57 to $4.72 per share.
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