Spire: Fiscal 3Q Earnings Snapshot
Aug. 02, 2018
ST LOUIS (AP) _ Spire Inc. (SR) on Thursday reported fiscal third-quarter earnings of $25.9 million.
On a per-share basis, the St. Louis-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring gains, were 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The natural gas distributor posted revenue of $350.6 million in the period.
Spire expects full-year earnings in the range of $3.65 to $3.75 per share.
Spire shares have declined roughly 6 percent since the beginning of the year. The stock has fallen slightly more than 3 percent in the last 12 months.