ITC Holdings Q2 Net Income Rises - Quick Facts

(RTTNews) - ITC Holdings Corp. (ITC) reported second quarter net income of $72.3 million or $0.46 per share, compared to $54.3 million or $0.34 per share, last year. Operating earnings were $80.8 million, or $0.52 per share, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $275.06 million compared to $263.21 million, prior year. Operating revenues increased to $288.4 million from $263.2 million. Analysts expected revenue of $282.81 million for the quarter.

For 2015, ITC reaffirmed its operating earnings per share guidance of $2.00 to $2.15. ITC also reaffirmed its 2015 capital guidance range of $710 to $810 million. Analysts expect the company to report earnings per share of $2.07.