PNM Resources (PNM) reported that its first-quarter earnings decreased to $10.6 million, or $0.13 per share, from $17.1 million, or $0.21 per share, last year. Consolidated ongoing earnings slightly increased to $14.7 million, or $0.18 per share, from $13.5 million, or $0.17 per share, last year.
On average, five analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
PNM Resources affirmed its 2013 financial outlook. Management expects 2013 consolidated ongoing earnings to be in the range of $1.32-$1.42 per share. Analysts expect the company to report 2013 profit per share of $1.38.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.