WASHINGTON (dpa-AFX) - NiSource Inc. (NI) announced a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $85.7 million, or $0.19 per share. This compares with $77 million, or $0.17 per share, in last year's third quarter.
Excluding items, NiSource Inc. reported adjusted earnings of $89.9 million or $0.20 per share for the period.
Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
NiSource Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $85.7 Mln. vs. $77 Mln. last year. -EPS (Q3): $0.19 vs. $0.17 last year.
-Guidance: Full year EPS guidance: $1.70 - $1.74
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