12:05 PM EST - Fortis Inc. : on Thursday reported first quarter net earnings applicable to common shares of $41.5 million or $0.38 per common share, up from $36.6 million or $0.35 per common share in the first quarter last year. Quarterly revenue and equity income rose to $483.0 million from $390.8 million in the previous year period. On average, four analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.37 per share. Fortis Inc.
shares T.FTS are trading up 18 cents at $28.20.
