Investing.com - NewJersey Resources reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NewJersey Resources announced earnings per share of $0.50 on revenue of $765.49M. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $428.91M.
NewJersey Resources shares are up 9.16% from the beginning of the year, still down 5.64% from its 52 week high of $47.50 set on April 21.
NewJersey Resources follows other major Utilities sector earnings this month
NewJersey Resources'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 November 4 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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