Peoples Financial Services and Fortis Post Quarterly Earnings Results

Peoples Financial Services (NASDAQ:PFIS) reported first‑quarter earnings of $1.48 per share, falling short of the $1.64 consensus estimate. The company posted a return on equity of 18.06% and a net margin of 21.29%. Its shares slipped $0.59 to $71.11, with a market capitalization of about $712 million and a price‑to‑earnings ratio of 7.87.

Fortis Inc. (TSE:FTS) saw its stock rise above the 200‑day moving average, trading at C$79.80 after reaching a high of C$81.22. The utility reported earnings of C$0.99 per share on revenue of C$3.40 billion, a net margin of 14.75% and a return on equity of 7.51%. A quarterly dividend of C$0.64 per share was paid, representing an annualized payout of C$2.56.