Dominion Energy: 2Q Earnings Snapshot
Aug. 01, 2018
RICHMOND, Va. (AP) _ Dominion Energy Inc. (D) on Wednesday reported second-quarter net income of $449 million.
The Richmond, Virginia-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs, came to 86 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The energy company posted revenue of $3.09 billion in the period.
For the current quarter ending in October, Dominion Energy expects its per-share earnings to range from 95 cents to $1.15. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.18.
The company expects full-year earnings in the range of $3.80 to $4.25 per share.
Dominion Energy shares have dropped 12 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. The stock has fallen 7 percent in the last 12 months.