Fortis Q3 Adj EPS $0.63 Beats $0.59 Estimate, Says Fundamentals Of North American Regulated Energy Delivery Businesses Was Resilient Despite Macroeconomic volatility
Portfolio Pulse from Benzinga Newsdesk
Fortis (NYSE:FTS) reported Q3 earnings of $0.63 per share, beating the analyst consensus estimate of $0.59 by 6.78%. This represents a 16.67% increase over earnings of $0.54 per share from the same period last year. The company stated that the fundamentals of its North American regulated energy delivery businesses remained resilient despite macroeconomic volatility.
October 27, 2023 | 10:20 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fortis reported better than expected Q3 earnings, indicating strong performance despite economic volatility. This could potentially boost investor confidence and positively impact the stock price in the short term.
Fortis reported a 16.67% YoY increase in earnings, beating analyst estimates. This indicates strong performance and resilience in the face of macroeconomic volatility, which could boost investor confidence and lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100