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MERRILLVILLE, Ind. (AP) _ NiSource Inc. (NI) on Thursday reported fourth-quarter earnings of $59.4 million.
On a per-share basis, the Merrillville, Indiana-based company said it had profit of 19 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 31 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The energy holding company posted revenue of $1.1 billion in the period.
For the year, the company reported profit of $286.5 million, or 90 cents per share. Revenue was reported as $4.65 billion.
NiSource expects full-year earnings in the range of $1 to $1.10 per share.
NiSource shares have risen slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased roughly 6 percent. The stock has decreased 50 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at http://www.zacks.com/ap/NI
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Keywords: NiSource, Earnings Report
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Nisource Inc.
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CODE : NI |
ISIN : US65473P1057 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nisource is a development stage company based in United states of america. Nisource is listed in Germany and in United States of America. Its market capitalisation is US$ 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 25, 2024 at US$ 28.10. Nisource has 337 410 827 shares outstanding. |