Plus   Neg

PNM Resources Affirms FY20 Ongoing EPS Outlook - Quick Facts

While reporting financial results for the fourth quarter on Friday, energy holding company PNM Resources (PNM) affirmed its consolidated ongoing earnings guidance for the full-year 2020.

For fiscal 2020, the company continues to project consolidated ongoing earnings in a range of $2.16 to $2.26 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.22 per share for the year. Analysts' estimates typically exclude special items.

"As we look forward, we continue to prioritize investments in our grid for safe, reliable infrastructure that supports growth in Texas and paves the way for integrating more renewable resources and transitioning to emissions-free generation in New Mexico," said Pat Vincent-Collawn, chairman, president and CEO.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
JetBlue Airways said it will continue to block middle seats in rows where passengers are not traveling together through the July 4 holiday. JetBue will block middle seats on its Airbus aircraft, while it will block aisle seats on its smaller Embraer 190 aircraft. Customers traveling together will be allowed to sit in the middle and aisle seats. The U.S. Food and Drug Administration or FDA announced on its website that New Hoque and Sons, Inc. is recalling Radhuni Curry Powder distributed in New York City, New York due to potential Salmonella contamination. The recall was made after it was found that the finished products contained several strains of Salmonella, the company said. General Motors is reopening its plants in Mexico after it received approval from the Mexican government to restart operations in the country, according to reports. The automaker had suspended its operations in Mexico in the third week of March due to the coronavirus pandemic. GM's Mexican manufacturing facilities are important as they supply critical parts for its plants in the U.S.
Follow RTT