UIL Holdings Q3 Profit Declines; Cuts FY13 EPS Outlook - Quick Facts

(RTTNews) - UIL Holdings Corp. (UIL) reported third-quarter net income to company of $5.1 million, or $0.10 per share, compared to $15.7 million, or $0.31 per share, last year.

On average, eleven analysts polled by Thomson Reuters expected the company to report profit per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Operating revenues rose to $316.48 million, from $322.89 million, last year. Analysts expected revenue of $335.14 million for the quarter.

UIL affirmed its consolidated earnings guidance for 2013 of $1.93 to $2.08 per share, down from its prior range of $2.05-$2.25 per share. Analysts expect the company to report fiscal year profit per share of $2.16.