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NiSource: 3Q Earnings Snapshot

November 2, 2020 GMT

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%.



This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at https://www.zacks.com/ap/NI