Dominion Energy, Inc. Q4 Profit Increases, but misses estimates

Dominion Energy, Inc. (D) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $1.34 billion, or $1.63 per share. This compares with $0.68 billion, or $0.82 per share, in last year's fourth quarter.

Excluding items, Dominion Energy, Inc. reported adjusted earnings of $752 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.2% to $3.88 billion from $3.52 billion last year.

Dominion Energy, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $1.34 Bln. vs. $0.68 Bln. last year.
-EPS (Q4): $1.63 vs. $0.82 last year.
-Analyst Estimate: $0.91
-Revenue (Q4): $3.88 Bln vs. $3.52 Bln last year.

Next quarter EPS guidance: $1.10 to $1.25

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