Investing.com - NiSource (NYSE:NI) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.09 on revenue of $964.47M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $973.8M.
NiSource shares are down 16% from the beginning of the year, still down 24.10% from its 52 week high of $30.46 set on February 18. They are under-performing the S&P 500 which is up 2.3% from the start of the year.
NiSource shares gained 0.65% in intra-day trade following the report.
NiSource follows other major Utilities sector earnings this month
NiSource's report follows an earnings beat by NextEra Energy on October 21, who reported EPS of $0.67 on revenue of $4.79B, compared to forecasts EPS of $0.65 on revenue of $5.44B.
Southern had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $5.62B, compared to forecast for EPS of $1.21 on revenue of $6.36B.
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