Fortis Q4 Profit Rises, Tops Estimates

RTTNews | 888天前
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
European Shares Seen Up As Investors Assess Tech Earnings

European Shares Seen Up As Investors Assess Tech Earnings

European stocks are likely to open higher on Friday, with tech stocks in focus after Taiwan Semiconductor Manufacturing, the world's largest contract chipmaker, posted record quarterly profit on AI demand and Netflix reported earnings that beat expectations on both the top and bottom lines.
RTTNews | 43分钟前
Sensex, Nifty Slip Into Red On Muted Earnings

Sensex, Nifty Slip Into Red On Muted Earnings

Indian shares were slightly lower in early trade on Friday, with uncertainty over U.S. tariffs and a muted start to the quarterly earnings season keeping investors on edge.
RTTNews | 1小时44分钟前
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market moves on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with gains across all sectors led by technology and mining stocks.
RTTNews | 2小时39分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as traders react to upbeat economic data from the U.S. and Japan that renewed optimism about the global economy. Countries are also hustling to strike trade deals with the US as the August 1 deadline for pausing of "reciprocal tariffs" is less than a fortnight away.
RTTNews | 2小时51分钟前
Sensex, Nifty Seen Flat To Higher At Open

Sensex, Nifty Seen Flat To Higher At Open

Indian shares are seen opening higher on Friday after major U.S. indexes hit record closing highs overnight on the back of positive economic indicators and encouraging corporate earnings.
RTTNews | 3小时40分钟前
Thai Stock Market May Be Stuck In Neutral On Friday

Thai Stock Market May Be Stuck In Neutral On Friday

The Thai stock market moved emphatically higher again on Thursday, one day after ending the three-day winning streak in which it had rallied more than 50 points or 4.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,200-point plateau although it may see a downward correction on Friday.
RTTNews | 4小时11分钟前