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BREAKING- UIL Holdings Reports Mixed Q2 Earnings

UIL Holdings Corporation (NYSE: UIL) reports second quarter EPS of $0.16compared to the estimated $0.33, missing by $0.17. (items may make these numbers non-comparable.) EPS were down 54% year over year. Revenue came in at $334.80 million.

From the press release:

“Although net income for the second quarter, excluding acquisition-related expenses, was slightly lower than last year, we had strong financial performance for the first six months of 2014, with consolidated net income increasing by $7.0 million,” commented James P. Torgerson. “We continue to execute on our strategies of investing in both our electric and gas infrastructures and converting new customers to natural gas heat. We have added 5,901 natural gas heating customers through June, and expect to meet this year’s goal of 16,000 conversions.”

 

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