U.S. Markets closed

Eversource: 4Q Earnings Snapshot

SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported fourth-quarter profit of $231.3 million.

On a per-share basis, the Springfield, Massachusetts-based company said it had profit of 73 cents.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The New England power provider posted revenue of $2.03 billion in the period.

For the year, the company reported profit of $1.03 billion, or $3.25 per share. Revenue was reported as $8.45 billion.

Eversource expects full-year earnings in the range of $3.40 to $3.50 per share.

Eversource shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $70.28, an increase of 21 percent 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