PNM Resources Inc. (PNM) released earnings for second quarter that beat the Street estimates.
The company's earnings totaled $48.049 million, or $0.53 per share. This compares with $45.304 million, or $0.53 per share, in last year's second quarter.
Excluding items, PNM Resources Inc. reported adjusted earnings of $54.337 million or $0.60 per share for the period.
Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.3% to $488.102 million from $477.156 million last year.
PNM Resources Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $48.049 Mln. vs. $45.304 Mln. last year.-EPS (Q2): $0.53 vs. $0.53 last year.-Revenue (Q2): $488.102 Mln vs. $477.156 Mln last year.
-Guidance:Full year EPS guidance: $2.65 to $2.75
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.