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PNM Resources Inc. Q2 adjusted earnings Beat Estimates

PNM Resources Inc. (PNM) released earnings for its second quarter that climbed from the same period last year.

The company's earnings came in at $38.2 million, or $0.48 per share. This compares with $37.6 million, or $0.47 per share, in last year's second quarter.

Excluding items, PNM Resources Inc. reported adjusted earnings of $42.3 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $352.31 million from $362.32 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q2): $42.3 Mln. vs. $39.6 Mln. last year.
-EPS (Q2): $0.53 vs. $0.49 last year.
-Analysts Estimate: $0.43
-Revenue (Q2): $352.31 Mln vs. $362.32 Mln last year.

Full year EPS guidance: $1.91 - $1.98

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