Fortis Q2 Adj EPS $0.46, Inline With $0.46 Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortis (NYSE:FTS) reported Q2 earnings of $0.46 per share, in line with the analyst consensus estimate of $0.46. This represents a 2.67% increase over earnings of $0.45 per share from the same period last year.
August 04, 2023 | 10:46 am
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Fortis' Q2 earnings met analyst expectations, showing a 2.67% YoY increase. This could potentially reassure investors about the company's performance.
Fortis' earnings were in line with analyst expectations, which is generally a positive sign as it indicates the company is performing as expected. However, the impact on the stock price is likely to be neutral in the short term as the results were expected and thus likely already priced in.
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IMPORTANCE 70
RELEVANCE 100