Northwest Natural Holding Company (NWN) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $87.92 million, or $2.18 per share. This compares with $63.82 million, or $1.69 per share, last year.
Excluding items, Northwest Natural Holding Company reported adjusted earnings of $91.80 million or $2.28 per share for the period.
Analysts on average had expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.0% to $494.28 million from $433.47 million last year.
Northwest Natural Holding Company earnings at a glance (GAAP) :
-Earnings: $87.92 Mln. vs. $63.82 Mln. last year.
-EPS: $2.18 vs. $1.69 last year.
-Revenue: $494.28 Mln vs. $433.47 Mln last year.
-Guidance:
Full year EPS guidance: $2.75 - $2.95
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