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Eversource: 1Q Earnings Snapshot

SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported first-quarter earnings of $308.7 million.

The Springfield, Massachusetts-based company said it had net income of 97 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The New England power provider posted revenue of $2.42 billion in the period.

Eversource shares have risen slightly more than 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $71.14, an increase of 19% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ES at https://www.zacks.com/ap/ES