Investing.com - Southwest Gas (NYSE:SWX) Hold reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Southwest Gas Hold announced earnings per share of $-0.18 on revenue of $1.13B. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $1.07B.
Southwest Gas Hold shares are down 28.9% from the beginning of the year, still down 31.96% from its 52 week high of $95.62 set on May 27.
Southwest Gas Hold shares lost 3.54% in intra-day trade following the report.
Southwest Gas Hold follows other major Utilities sector earnings this month
Southwest Gas Hold's report follows an earnings beat by NextEra Energy on October 28, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on Friday with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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