NiSource: 3Q Earnings Snapshot
MERRILLVILLE, Ind. (AP) _ NiSource Inc. (NI) on Monday reported a loss of $172.9 million in its third quarter.
On a per-share basis, the Merrillville, Indiana-based company said it had a loss of 49 cents. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The energy holding company posted revenue of $902.5 million in the period.
NiSource shares have fallen 17% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 1%.