Hawaiian Electric Industries Q2 Net Income Rises

(RTTNews) - Hawaiian Electric Industries, Inc. (HE) said it delivered strong consolidated financial results in the second quarter as Hawaii's economy strengthened and as the company advanced key priorities across its enterprise.

Second quarter consolidated net income for common stock was $63.9 million and earnings per share was $0.58 compared to $48.9 million or $0.45 per share, prior year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.47, for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $680.26 million from $608.95 million, last year. Analysts expected revenue of $653.87 million, for the quarter.