PNM Resources Inc. (PNM) announced earnings for its third quarter that rose from last year.
The company said its bottom line came in at $60.9 million, or $0.76 per share. This was higher than $54.5 million, or $0.68 per share, in last year's third quarter.
Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 0.8% to $417.43 million. This was up from $413.95 million last year.
PNM Resources Inc. earnings at a glance:
-Earnings (Q3): $60.9 Mln. vs. $54.5 Mln. last year.
-Earnings Growth (Y-o-Y): 11.7%
-EPS (Q3): $0.76 vs. $0.68 last year.
-EPS Growth (Y-o-Y): 11.8%
-Analysts Estimate: $0.74
-Revenue (Q3): $417.43 Mln vs. $413.95 Mln last year.
-Revenue Change (Y-o-Y): 0.8%
-Guidance:
Full year EPS guidance: $1.56 - $1.61
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