El Paso Electric: 3Q Earnings Snapshot
EL PASO, Texas (AP) _ El Paso Electric Co. (EE) on Wednesday reported third-quarter net income of $77.9 million.
On a per-share basis, the El Paso, Texas-based company said it had profit of $1.91. Earnings, adjusted for non-recurring gains, came to $1.83 per share.
The utility posted revenue of $294.5 million in the period.
El Paso Electric shares have increased 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.75, a rise of 16% in the last 12 months.