Fortis Q1 EPS $0.99 Misses $1.01 Estimate, Sales $3.403B Miss $3.522B Estimate

Fortis (TSX: FTS) reported quarterly earnings of $0.99 per share which missed the analyst consensus estimate of $1.01 by 1.98 percent. This is a 1 percent decrease over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $3.403 billion which missed the analyst consensus estimate of $3.522 billion by 3.37 percent. This is a 1.95 percent increase over sales of $3.338 billion the same period last year.
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