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Video: Enbridge Reports Mixed Earnings For Q4, Rose 31.2% Year-Over-Year

http://www.clipsyndicate.com

Enbridge (NYSE:ENB) printed fourth quarter earnings of $0.37, missing estimates of $0.40, as revenues jumped 31.2% year-over-year to $5.44 billion, topping forecasts of $4.6 billion. Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc. (Enbridge or the Company) said, "2011 was an excellent year for Enbridge with results reaching the top end of our adjusted earnings per share guidance, and a total return to our shareholders of 40%. Moreover, we remain confident that Enbridge can achieve an average annual growth rate in adjusted earnings per share of 10% through 2015, based on conservative assumptions for mainline throughput and future growth investment." Enbridge is currently above its 50-day moving average (MA) of $36.90 and above its 200-day of $33.67.

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