TXNM Energy Inc. (TXNM) reported earnings for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $8.92 million, or $0.10 per share. This compares with $47.19 million, or $0.52 per share, last year.
Excluding items, TXNM Energy Inc. reported adjusted earnings of $18.12 million or $0.19 per share for the period.
Analysts on average had expected the company to earn $0.2 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.5% to $482.79 million from $436.87 million last year.
TXNM Energy Inc. earnings at a glance (GAAP) :
-Earnings: $8.92 Mln. vs. $47.19 Mln. last year.
-EPS: $0.10 vs. $0.52 last year.
-Revenue: $482.79 Mln vs. $436.87 Mln last year.
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