Q: Pls comment on FTS Earnings.
5i Research Answer:
EPS of $0.99 beat estimates of $0.912 and sales of $3.4B missed estimates of $3.54B. Its earnings decline was partially driven by an FX headwind, and the company had some notable project milestones including ITC completing a substation to support 300 MW of initial data center load at the Big Cedar Industrial Center, with another 1,600 MW of transmission work underway to be completed by 2028. Overall, a decent quarter for the company and mostly in line with expectations.