(RTTNews) - Emera Inc. (EMA.TO) reported earnings for fourth quarter that Drops, from the same period last year
The company's earnings totaled C$68 million, or C$0.23 per share. This compares with C$154 million, or C$0.52 per share, last year.
Excluding items, Emera Inc. reported adjusted earnings of C$167 million or C$0.55 per share for the period.
Emera Inc. earnings at a glance (GAAP) :
-Earnings: C$68 Mln. vs. C$154 Mln. last year. -EPS: C$0.23 vs. C$0.52 last year.
Commenting on the fourth-quarter earnings, the company said: "The decrease was primarily due to decreased earnings at NSPI and NMGC, reduced tax recoveries, and unfavourable weather at Tampa Electric, partially offset by increased earnings at EES."
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