Black Hills Q1 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Black Hills Corporation (BKH) Thursday reported first-quarter profit of $48.1 million or $1.08 per share, compared to $43.2 million or $0.97 per share in the same period last year.

Adjusted earnings for the quarter were $48.1 million or $1.08 per share, up from $38.4 million or $0.87 per share in the prior year period. On average, three analysts polled by Thomson Reuters expected the company to earn $0.93 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $460.1 million from $380.7 million last year.

Looking ahead to fiscal 2014, the company raised its earnings guidance to a range of $2.65 per share to $2.85 per share from its prior range of $2.50 to $2.70 per share. Analysts currently expect full-year earnings of $2.62 per share.