Spire: Fiscal 1Q Earnings Snapshot
ST LOUIS (AP) _ Spire Inc. (SR) on Wednesday reported fiscal first-quarter profit of $67.3 million.
On a per-share basis, the St. Louis-based company said it had profit of $1.32. Earnings, adjusted for non-recurring gains, came to $1.30 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The natural gas distributor posted revenue of $602 million in the period.
Spire expects full-year earnings in the range of $3.70 to $3.80 per share.
Spire shares have climbed slightly more than 6 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.