Fortis (FTS) Misses Q3 Earnings Estimates

Fortis (FTS) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.28%. A quarter ago, it was expected that this electric and gas utility would post earnings of $0.51 per share when it actually produced earnings of $0.55, delivering a surprise of +7.84%.Over the last four quarters, the c ...