Fortis Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 01, 2019 at 06:15 am EDT
Fortis Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was CAD 2,051 million compared to CAD 2,040 million a year ago. Operating income was CAD 585 million compared to CAD 596 million a year ago. Net income was CAD 294 million compared to CAD 292 million a year ago. Basic earnings per share was CAD 0.64 compared to CAD 0.65 a year ago. Diluted earnings per share was CAD 0.63 compared to CAD 0.65 a year ago. For the nine months, sales was CAD 6,457 million compared to CAD 6,184 million a year ago. Operating income was CAD 2,348 million compared to CAD 1,787 million a year ago. Net income was CAD 1,359 million compared to CAD 888 million a year ago. Basic earnings per share was CAD 3.02 compared to CAD 1.98 a year ago.