New Jersey Resources Corp. (NJR) reported a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $204.29 million, or $2.02 per share. This compares with $120.81 million, or $1.22 per share, last year.
Excluding items, New Jersey Resources Corp. reported adjusted earnings of $1.78 per share for the period.
Analysts on average had expected the company to earn $1.62 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 38.8% to $913.03 million from $657.91 million last year.
New Jersey Resources Corp. earnings at a glance (GAAP) :
-Earnings: $204.29 Mln. vs. $120.81 Mln. last year.
-EPS: $2.02 vs. $1.22 last year.
-Revenue: $913.03 Mln vs. $657.91 Mln last year.
-Guidance:
Full year EPS guidance: $3.15 to $3.30
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