Northeast Utilities Raises Low End Of Prior FY 2011 EPS Guidance To A Range In Line With Analysts' Estimates

Northeast Utilities raised the mid-point of its fiscal 2011 stand-alone full-year consolidated earnings guidance by raising the lower end of its earnings guidance range. Northeast Utilities now estimates it will earn between $2.30 per share and $2.40 per share (EPS), excluding projected after-tax expenses of approximately $0.20 per share related to the NSTAR merger. That estimate reflects an increase in the lower end of distribution and generation segment earnings guidance to between $1.30 per share and $1.35 per share. Previously, Northeast Utilities had projected consolidated earnings of between $2.25 per share and $2.40 per share, excluding the merger expenses, and distribution and generation earnings of between $1.25 per share and $1.35 per share. Including the merger expenses, Northeast Utilities projects earnings of between $2.10 per share and $2.20 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.32 for fiscal 2011.