South Jersey Industries: 1Q Earnings Snapshot
FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported first-quarter profit of $101 million.
The Folsom, New Jersey-based company said it had profit of $1.09 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.15 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The energy services holding company posted revenue of $534.1 million in the period.
South Jersey Industries shares have fallen 23% since the beginning of the year. The stock has fallen 21% 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