New Jersey Resources: Fiscal 4Q Earnings Snapshot
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.