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Fortis Down More Than 1% after Q2 Result

Fortis Inc. (FTS.TO) reported second quarter net earnings attributable to common equity shareholders of $55 million, or $0.32 per common share, up $2 million from $53 million, or $0.31 per common share, for the second quarter of 2009. Revenue was up 11% at $836 million.

Analysts on average were expecting earnings of 32 cents per share, on revenue of $789.7 million, according to Thomson Reuters I/B/E/S.

Year-to-date net earnings attributable to common equity shareholders were $155 million, or $0.90 per common share, up $10 million from earnings of $145 million, or $0.85 per common share, for the same period last year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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