Piedmont Natural Gas (PNY) announced that its third-quarter net loss was $7.3 million or $0.10 per share, compared to a loss of $7.7 million or $0.10 per share for the same period in 2008. Analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share. Analysts' estimates typically exclude special items.
Operating revenues for the quarter were $180.20 million, compared to $354.71 million in the prior year quarter.
For the nine months ended July 31, 2009, net income was $127.1 million or $1.73 per share, compared to net income of $123.2 million or $1.67 per share for the same period in 2008. Operating revenues for the period declined to $1.42 billion from $1.78 billion in the corresponding period of the prior year.
Piedmont Natural Gas said that it is narrowing its fiscal 2009 earnings guidance to a range of $1.50 - $1.60 per share, from the prior outlook of $1.45 - $1.60 per share. Analysts expect the company to report earnings of $1.56 per share for fiscal 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.