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El Paso Electric Co Q3 adjusted earnings Miss Estimates

El Paso Electric Co (EE) reported a profit for its third quarter that rose from last year.

The company's profit totaled $73.27 million, or $1.79 per share. This compares with $59.68 million, or $1.47 per share, in last year's third quarter.

Excluding items, El Paso Electric Co reported adjusted earnings of $66.00 million or $1.62 per share for the period.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $300.27 million from $297.47 million last year.

El Paso Electric Co earnings at a glance:

-Earnings (Q3): $66.00 Mln. vs. $58.27 Mln. last year.
-EPS (Q3): $1.62 vs. $1.44 last year.
-Analysts Estimate: $1.67
-Revenue (Q3): $300.27 Mln vs. $297.47 Mln last year.

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