New Jersey Resources: Fiscal 1Q Earnings Snapshot
WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Wednesday reported fiscal first-quarter net income of $86.2 million.
On a per-share basis, the Wall Township, New Jersey-based company said it had profit of 97 cents. Earnings, adjusted for non-recurring gains, were 61 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The energy services holding company posted revenue of $811.8 million in the period.
New Jersey Resources expects full-year earnings in the range of $1.95 to $2.05 per share.
New Jersey Resources shares have increased 5 percent since the beginning of the year. The stock has risen 30 percent in the last 12 months.