Piedmont Natural Gas Co. Inc. (PNY) said it is initiating its earnings guidance for the fiscal year 2010 in the range of $1.90 to $2.00 per share. Street analysts expect earnings of $1.62 per share.
The company said the guidance for fiscal year 2010 reflects a one time gain of $0.42 per share on the previously announced sale of one-half of the company's 30% ownership interest in SouthStar Energy Services (SouthStar) to AGL Resources and Earnings sharing from SouthStar in the Company's first fiscal quarter at the current rate of approximately 25%.
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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.