| Piedmont Natural Gas misses 1Q profit forecasts | |
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CHARLOTTE, N.C. (AP) _ Piedmont Natural Gas Co. (PNY) on Friday reported fiscal first-quarter net income of $93 million.
The Charlotte, North Carolina-based company said it had net income of $1.18 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The energy services company posted revenue of $607.3 million in the period.
Piedmont Natural Gas expects full-year earnings to be $1.82 to $1.92 per share.
Piedmont Natural Gas shares have fallen roughly 8 percent since the beginning of the year. The stock has increased slightly more than 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNY at http://www.zacks.com/ap/PNY
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Keywords: Piedmont Natural Gas, Earnings Report
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Piedmont Natural Gas
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CODE : PNY |
ISIN : US7201861058 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Piedmont is based in United states of america. Piedmont is listed in United States of America. Its market capitalisation is US$ 55.2 billions as of today (€ 48.9 billions). Its stock quote reached its lowest recent point on October 06, 1995 at US$ 10.00, and its highest recent level on May 13, 2016 at US$ 59.95. Piedmont has 921 580 032 shares outstanding. |