AP NEWS

South Jersey Industries: 2Q Earnings Snapshot

August 8, 2018

FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported a loss of $93.8 million in its second quarter.

The Folsom, New Jersey-based company said it had a loss of $1.12 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 7 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The energy services holding company posted revenue of $227.3 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 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.10, a decline of slightly more than 2 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 SJI at https://www.zacks.com/ap/SJI

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