Spire Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Spire Inc. (SR) announced a profit for second quarter that declined from the same period last year.

The company's bottom line totaled $98.2 million, or $2.03 per share. This compares with $108.0 million, or $2.36 per share, in last year's second quarter.

Excluding items, Spire Inc. reported adjusted earnings of $137.2 million or $2.83 per share for the period.

Analysts had expected the company to earn $2.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.6% to $813.4 million from $663.4 million last year.

Spire Inc. earnings at a glance:

-Earnings (Q2): $137.2 Mln. vs. $109.0 Mln. last year. -EPS (Q2): $2.83 vs. $2.38 last year. -Analysts Estimate: $2.46 -Revenue (Q2): $813.4 Mln vs. $663.4 Mln last year.

-Guidance: Full year EPS guidance: $3.65 to $3.75