11:50 AM EST - Enbridge Inc. : announced that its second quarter earnings applicable to common shareholders were $393.0 million or $1.08 per common share, compared to $657.7 million, or $1.81 per diluted common share in the year-ago quarter. Adjusted earnings for the quarter were $194.5 million, or $0.54 per common share, compared to $149.5 million or $0.42 per common share in the same quarter of last year. Revenues for the quarter were $2.87 billion, down from $3.87 billion in the year-ago quarter. The company said that it is now on track to achieve the upper half of its $2.18 to $2.32 per share full year adjusted earnings guidance range, for an annual growth rate greater than 20%. The company also expects to sustain a 10%-plus average annual earnings per share growth rate from 2008 through 2013. Enbridge Inc.
shares T.ENB are trading down $0.05 at $39.45.
