RGC Resources Inc. (RGCO) announced a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $7.68 million, or $0.74 per share. This compares with $6.44 million, or $0.53 per share, last year.
Analysts on average had expected the company to earn $0.68 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.6% to $36.462 million from $32.659 million last year.
RGC Resources Inc. earnings at a glance (GAAP) :
-Earnings: $7.68 Mln. vs. $6.44 Mln. last year.
-EPS: $0.74 vs. $0.53 last year.
-Revenue: $36.462 Mln vs. $32.659 Mln last year.
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