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MERRILLVILLE, Ind. (AP) _ NiSource Inc. (NI) on Tuesday reported second-quarter net income of $28.6 million, after reporting a loss in the same period a year earlier.
The Merrillville, Indiana-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring gains, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The energy holding company posted revenue of $897.6 million in the period.
NiSource expects full-year earnings in the range of $1.05 to $1.10 per share.
NiSource shares have climbed 32 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at http://www.zacks.com/ap/NI
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Keywords: NiSource, Earnings Report
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Nisource Inc.
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CODE : NI |
ISIN : US65473P1057 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nisource is a development stage company based in United states of america. Nisource is listed in Germany and in United States of America. Its market capitalisation is US$ 9.5 billions as of today (€ 8.9 billions). Its stock quote reached its lowest recent point on January 04, 1985 at US$ 0.56, and its highest recent level on April 24, 2024 at US$ 28.18. Nisource has 337 410 827 shares outstanding. |