ITC Holdings Q2 Profit Rises - Quick Facts

(RTTNews) - ITC Holdings Corp. (ITC) Wednesday reported second-quarter profit of $47.40 million or $0.90 per share, up from $42.39 million or $0.81 per share in the same period last year.

Operating earnings for the quarter was $63.34 million or $1.20 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $1.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $229.82 million from $197.38 million last year. Analysts expected revenues of $240.21 million.

Looking ahead, the company has reaffirmed its full-year 2013 operating earnings guidance range of $4.80 to $5.00 per share. Analysts currently expect full-year earnings of $4.93 per share.