Eversource: 2Q Earnings Snapshot
SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported second-quarter net income of $31.5 million.
On a per-share basis, the Springfield, Massachusetts-based company said it had net income of 10 cents. Earnings, adjusted for asset impairment costs, came to 74 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The New England power provider posted revenue of $1.88 billion in the period.
Eversource shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $75.90, a climb of 25% in the last 12 months.