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
The New York Times announced its plans to relocate its Hong Kong-based digital news operation to South Korea's Seoul, amid uncertainty following China's tough national security law for the semi-autonomous city. The news organization cited the possible impact of Beijing's new security law to the city's prospects as a hub for journalism in Asia. Search giant Google, Inc. announced Wednesday that it signed an agreement to invest $4.5 billion or 33,737 crore Indian rupees in India's Jio Platforms Ltd, taking a 7.73 percent stake in the company, pending regulatory review in India. This investment by Google values Jio Platforms at an equity value... U.S. Bancorp (USB) reported second quarter earnings per share of $0.41, compared to $1.09, a year ago. On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.22, for the quarter. Analysts' estimates typically exclude special items. Net income attributable...
Follow RTT