(Corrects sixth paragraph to show Atco revenue rose 3 percent, not fell 3 percent)
* Atco Q1 EPS C$1.54 vs est C$1.53
* Canadian Utilities Q1 adj EPS C$1.21 vs est C$1.14
April 30 (Reuters) - Canada’s Atco Ltd ACOx.TO, and its unit, Canadian Utilities Ltd (CU.TO), posted better-than-expected quarterly profits, driven by strength at their utilities segments.
For the quarter, Atco, which operates utilities, power plants and other industrial businesses, earned C$89.8 million ($89.4 million), or C$1.54 a share, compared with C$94.6 million, or C$1.64 a share, a year ago.
Canadian Utilities, which also has energy and technologies segments, said profit rose to C$148.0 million, or C$1.18 a share, compared with C$145.4 million, or C$1.16 a share, last year.
On an adjusted basis, Canadian Utilities earned C$1.21 a share.
Analysts on average were expecting Atco to earn C$1.53 a share, and Canadian Utilities to earn C$1.14 a share, according to Thomson Reuters I/B/E/S.
Revenue at Atco rose 3 percent to C$898.5 million, while Canadian Utilities revenue fell 3 percent to C$748.6 million. [ID:nWNAB4662] [ID:nWNAB4667]
Earlier on Friday, Fortis Inc (FTS.TO), one of the largest investor-owned distribution utility companies in Canada, reported higher first-quarter earnings, driven primarily by its Terasen Gas subsidiary. [ID:nN30264253]
Shares of Calgary, Alberta-based Atco closed at C$48.01 Thursday, while Canadian Utilities shares closed at C$44.41 on the Toronto Stock Exchange.
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