WALL TOWNSHIP, N.J. (AP) _ New Jersey Resources Corp. (NJR) on Thursday reported fiscal second-quarter profit of $149.8 million.
The Wall Township, New Jersey-based company said it had net income of $1.55 per share. Earnings, adjusted for non-recurring costs, came to $1.77 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The energy services holding company posted revenue of $802.2 million in the period.
New Jersey Resources expects full-year earnings in the range of $2.05 to $2.15 per share.
New Jersey Resources shares have climbed 18% since the beginning of the year. The stock has increased 23% 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 NJR at https://www.zacks.com/ap/NJR
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