South Jersey Industries: 3Q Earnings Snapshot
FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported a loss of $45.7 million in its third quarter.
On a per-share basis, the Folsom, New Jersey-based company said it had a loss of 53 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 27 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The energy services holding company posted revenue of $302.5 million in the period.
South Jersey Industries expects full-year earnings in the range of $1.57 to $1.65 per share.
South Jersey Industries shares have risen nearly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.76, a decrease of slightly more than 1 percent in the last 12 months.