New Jersey Resources Q1 Profit Rises

(RTTNews) - New Jersey Resources Corp. (NJR) Thursday reported net financial earnings of $39.9 million or $0.95 per share, up from $35.5 million or $0.85 per share in the same period last year.

On average, six analysts polled by Thomson Reuters expected the company to earn $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $878.41 million from $736.02 million last year. Analysts expected revenues of $769.77 million.

Looking ahead to the fiscal 2014, the company has reaffirmed its NFE guidance range of $2.75 to $2.95 per share. Analysts currently expect full-year earnings of $2.86 per share.