AP NEWS
Click to copy
Click to copy

South Jersey Industries: 2Q Earnings Snapshot

August 7, 2019

FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported a loss of $13.4 million in its second quarter.

On a per-share basis, the Folsom, New Jersey-based company said it had a loss of 14 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 13 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The energy services holding company posted revenue of $266.9 million in the period.

South Jersey Industries expects full-year earnings in the range of $1.05 to $1.15 per share.

South Jersey Industries shares have risen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.44, a decline of slightly more than 7% in the last 12 months.

_____

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

All contents © copyright 2019 The Associated Press. All rights reserved.