New Jersey Resources: Fiscal 2Q Earnings Snapshot
New Jersey Resources: Fiscal 2Q Earnings Snapshot
WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Friday reported fiscal second-quarter net income of $73.6 million.
On a per-share basis, the Wall Township, New Jersey-based company said it had profit of 82 cents. Earnings, adjusted for non-recurring costs, came to $1.27 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The energy services holding company posted revenue of $866.3 million in the period.
New Jersey Resources expects full-year earnings in the range of $1.95 to $2.05 per share.
New Jersey Resources shares have climbed slightly more than 8% since the beginning of the year. The stock has climbed 19% 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 NJR at https://www.zacks.com/ap/NJR