MDU Resources Bottom Line Drops In Q3, But Beats Estimates

(RTTNews) - MDU Resources (MDU) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $64.6 million, or $0.32 per share. This compares with $74.9 million, or $0.37 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.0% to $1.050 billion from $1.000 billion last year.

MDU Resources earnings at a glance (GAAP) :

-Earnings (Q3): $64.6 Mln. vs. $74.9 Mln. last year. -EPS (Q3): $0.32 vs. $0.37 last year. -Revenue (Q3): $1.050 Bln vs. $1.000 Bln last year.