Fortis: Q1 Earnings Insights

Fortis FTS reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Fortis beat estimated earnings by 11.67%, reporting an EPS of $0.67 versus an estimate of $0.6.

Revenue was up $205.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 4.22% increase in the share price the next day.

Here's a look at Fortis's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.53	0.51	0.46	0.61
EPS Actual	0.54	0.54	0.45	0.62
Revenue Estimate	2.04B	1.79B	1.77B	2.01B
Revenue Actual	2.36B	1.96B	1.95B	2.25B

To track all earnings releases for Fortis visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.