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Eversource: 1Q Earnings Snapshot

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.


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