AP NEWS

New Jersey Resources: Fiscal 4Q Earnings Snapshot

November 20, 2018

WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Tuesday reported a loss of $16.3 million in its fiscal fourth quarter.

On a per-share basis, the Wall Township, New Jersey-based company said it had a loss of 18 cents. Losses, adjusted for non-recurring gains, were 33 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The energy services holding company posted revenue of $647.3 million in the period.

For the year, the company reported profit of $233.4 million, or $2.64 per share. Revenue was reported as $2.92 billion.

New Jersey Resources expects full-year earnings in the range of $1.95 to $2.05 per share.

New Jersey Resources shares have risen 25 percent since the beginning of the year. The stock has increased 12 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NJR at https://www.zacks.com/ap/NJR

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