Fortis (FTS) Q2 Earnings Top Estimates

This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.65 per share when it actually produced earnings of $0.69, delivering a surprise of 6.15%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Fortis has underperformed the market so far this year, the qu ...