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Eversource: Q1 Earnings Snapshot

May 4, 2022 GMT

SPRINGFIELD, Mass. (AP) _ Eversource Energy (ES) on Wednesday reported first-quarter net income of $443.4 million.

On a per-share basis, the Springfield, Massachusetts-based company said it had profit of $1.28. Earnings, adjusted for costs related to mergers and acquisitions, were $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The New England power provider posted revenue of $3.47 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $3.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ES at https://www.zacks.com/ap/ES