Fortis Q4 Profit Rises, Tops Estimates

RTTNews | 894 hari yang lalu
Fortis Q4 Profit Rises, Tops Estimates

(RTTNews) - Electric and gas utility Fortis Inc. (FTS, FTS.TO) reported fourth quarter net earnings attributable to common equity shareholders of C$370 million or C$0.77 per share, up from C$328 million or C$0.63 per share in the prior-year quarter.

On an adjusted basis, net earnings attributable to common equity shareholders were C$347 million or C$0.72 per share, compared to C$300 million or C$0.63 per share in the year-ago quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of C$0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Fortis expects its long-term growth in rate base will drive earnings that support dividend growth guidance of 4-6% annually through 2027.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Franc Weakens Amid Risk Appetite

Swiss Franc Weakens Amid Risk Appetite

The Swiss franc declined against its major counterparts in the New York session on Wednesday, following progress in trade talks between the U.S. and the European Union.
RTTNews | 44 minit yang lalu
Swiss Market Ends On Buoyant Note

Swiss Market Ends On Buoyant Note

Swiss stocks closed on a buoyant note on Wednesday, tracking positive cues from markets across Europe and elsewhere, as optimism about the European Union and the U.S. striking a trade deal rose after U.S. President Donald Trump announced deals with Japan and Philippines.
RTTNews | 3j 59min yang lalu
Canadian Market Up On Trade Deal Hopes

Canadian Market Up On Trade Deal Hopes

The Canadian market hit a fresh record high Wednesday morning, and amid selective buying, remains in positive territory around noon, thanks to rising optimism about several nations striking trade deals with the U.S. before the August 1 deadline.
RTTNews | 5j 36min yang lalu
U.S. Existing Home Sales Slump To Nine-Month Low In June

U.S. Existing Home Sales Slump To Nine-Month Low In June

A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. pulled back by more than expected in the month of June. NAR said existing home sales slumped by 2.7 percent to an annual rate of 3.93 million in June after jumping by 1.0 percent to a revised rate of 4.04 million in May.
RTTNews | 7j 25min yang lalu
Positive Start Seen For Canadian Stocks

Positive Start Seen For Canadian Stocks

Bay Street looks headed for a firm start Wednesday morning, tracking positive global cues amid rising prospects of several nations striking trade deals with the U.S. before the August 1 deadline.
RTTNews | 9j 58min yang lalu
FTSE 100 Moderately Higher; Informa Rises Sharply On Strong Guidance

FTSE 100 Moderately Higher; Informa Rises Sharply On Strong Guidance

The U.K. stock market is gaining some ground in positive territory on Wednesday, reflecting the fairly bullish mood across Europe, amid prospects of an EU-US trade deal. Hopes about the European Union and the U.S. striking trade deals have increased after U.S. President Donald Trump announced trade deals with Japan and Philippines.
RTTNews | 11j 12min yang lalu