Nisource Inc. (NI) reported that its fourth-quarter net income was $89.5 million or $0.32 per share, compared to $162.0 million or $0.59 per share in the same quarter last year.
On a GAAP basis, income from continuing operations was $88.5 million, or $0.32 per share, compared to $127.5 million, or $0.46 per share for the fourth quarter of 2008.
Net operating earnings (Non-GAAP) were $98.9 million or $0.35 per share, compared to $126.2 million or $0.46 per share, for the same period in 2008. Analysts expect the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
Gross revenues for the quarter were $1.68 billion, down from $2.39 billion in the year ago quarter. Three analysts had consensus revenue estimate of $1.48 billion for the quarter.
For 2010, net operating earnings (non-GAAP) are projected to fall within a range of $1.10 to $1.20 per share. NiSource expects its earnings to grow by 3 to 5 percent on a long-term basis. Analysts expect the company to report earnings of $1.10 per share for fiscal 2010.
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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.