New Jersey Resources Corp. (NJR) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $131.32 million, or $1.31 per share. This compares with $89.41 million, or $0.91 per share, last year.
Excluding items, New Jersey Resources Corp. reported adjusted earnings of $128.89 million or $1.29 per share for the period.
Analysts on average had expected the company to earn $1.06 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.5% to $488.36 million from $467.21 million last year.
New Jersey Resources Corp. earnings at a glance (GAAP) :
-Earnings: $131.32 Mln. vs. $89.41 Mln. last year.
-EPS: $1.31 vs. $0.91 last year.
-Revenue: $488.36 Mln vs. $467.21 Mln last year.
-Guidance:
Full year EPS guidance: $3.05 to $3.20
For comments and feedback: editorial@rttnews.com