Eversource Energy Misses Q3 Earnings On Weak Profits Across Most Segments, Tweaks FY23 Guidance
Portfolio Pulse from Lekha Gupta
Eversource Energy (NYSE:ES) reported Q3 FY23 revenue of $2.79 billion, missing the consensus of $3.295 billion. Adjusted EPS of $0.97 also missed the consensus of $0.98. Earnings declined across most segments, with the exception of the Electric Transmission segment. The company has adjusted its FY23 EPS outlook to $4.30-$4.43, from $4.25-$4.43. ES shares are trading higher by 2.12% at $55.43 premarket.
November 06, 2023 | 1:13 pm
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Eversource Energy's Q3 FY23 earnings missed expectations, with declines in most segments. However, the company's shares are trading higher premarket.
Despite the missed earnings and revenue, the company's shares are trading higher, possibly due to the adjusted FY23 EPS outlook. However, the weak performance across most segments could potentially impact the stock's performance in the short term.
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