ITC mulls FY12 earnings guidance
Monday, December 05, 2021 8:48 AM

Independent electric transmission company, ITC Holdings Corp. (ITC) announced initial earnings outlook for the year 2012. The company announced this immediately after disclosing an agreement with Energy on its electric transmission unit.

The Novi, Michigan-based company expects earnings of $3.90 - $4.05 per share for 2012, excluding charges associated in connection with Entergy Corp. announcement. Analysts are expecting the company to earn $4.03 a share on revenues of $861.04 million.

The announcement also comes on the heels of the company reaffirming its earnings guidance for fiscal 2011 in the range of $3.25 - $3.35 per share. Earlier, the company reported its net income of $44.02 million or $0.85 per share on revenues of $191.30 million for the third quarter, higher than $38.39 million or $0.75 per share on revenues of $178.02 million in the year-ago quarter.