Northeast Utilities Q4 Profit Rises - Quick Facts

(RTTNews) - Northeast Utilities (NU), which last week began operating as Eversource Energy, reported fourth-quarter net income to controlling interest of $221.61 million or $0.69 per share, compared to $177.40 million or $0.56 per share, prior year. Adjusted earnings per share was $0.72, for the quarter. The company said the very strong fourth quarter results were driven by improved transmission segment earnings and significantly lower operation and maintenance costs.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.69 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $1.88 billion from $1.78 billion last year. Analysts expected revenue of $1.60 billion for the quarter.

Eversource Energy projected 2015 earnings per share of between $2.75 per share and $2.90 per share and long-term annual earnings per share growth through 2018 of between 6 percent and 8 percent, using 2014 earnings per share as the base. Analysts expect the company to report fiscal 2015 earnings per share of $2.88.