Investing.com - Enbridge Inc. reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of C$0.94 on revenue of C$12.86B. Analysts polled by Investing.com forecast EPS of C$0.72 on revenue of C$10.99B. That compared to EPS of C$0.82 on revenue of C$12.73B in the same period a year earlier. The company had reported EPS of C$0.65 on revenue of C$11.56B in the previous quarter.
For the year, Enbridge Inc. shares are up 16.51%, outperforming the S&P/TSX which is up 15.06% year to date.
Enbridge Inc. follows other major Utilities sector earnings this month
On Friday, Enbridge Pref A reported first quarter EPS of C$0.94 on revenue of C$12.86B, compared to forecasts of EPS of C$0.73 on revenue of C$13,082M.
Fortis Inc earnings beat analyst's expectations on Wednesday, May 1, 2019, with first quarter EPS of C$0.74 on revenue of C$2.44B. Investing.com analysts expected EPS of C$0.73 on revenue of C$2.37B
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