SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported first-quarter net income of $334.8 million.
The Springfield, Massachusetts-based company said it had profit of $1.01 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.02 per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.02 per share.
The New England power provider posted revenue of $2.37 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $2.54 billion.
Eversource expects full-year earnings to be $3.60 to $3.70 per share.
Eversource shares have declined 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $76.26, a climb of 6% in the last 12 months.