PNM Resources: 2Q Earnings Snapshot
Posted July 31, 2020 6:47 am.
Last Updated July 31, 2020 6:54 am.
This article is more than 5 years old.
ALBUQUERQUE, N.M. (AP) _ PNM Resources Inc. (PNM) on Friday reported second-quarter net income of $57.6 million, after reporting a loss in the same period a year earlier.
The Albuquerque, New Mexico-based company said it had profit of 72 cents per share. Earnings, adjusted for non-recurring gains, were 55 cents per share.
The power company posted revenue of $357.6 million in the period.
PNM Resources expects full-year earnings in the range of $2.16 to $2.26 per share.
PNM Resources shares have fallen 17% since the beginning of the year. The stock has fallen 17% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNM at https://www.zacks.com/ap/PNM
The Associated Press
