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New Jersey Resources: Fiscal 4Q Earnings Snapshot

November 20, 2018

WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Tuesday reported a loss of $16.3 million in its fiscal fourth quarter.

On a per-share basis, the Wall Township, New Jersey-based company said it had a loss of 18 cents. Losses, adjusted for non-recurring gains, were 33 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The energy services holding company posted revenue of $647.3 million in the period.

For the year, the company reported profit of $233.4 million, or $2.64 per share. Revenue was reported as $2.92 billion.

New Jersey Resources expects full-year earnings in the range of $1.95 to $2.05 per share.

New Jersey Resources shares have risen 25 percent since the beginning of the year. The stock has increased 12 percent in the last 12 months.


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

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