Investing.com - NiSource (NYSE:NI) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.39 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.3581 on revenue of $1.51B.
NiSource shares are up 2% from the beginning of the year, still down 6.06% from its 52 week high of $30.19 set on February 3. They are outperforming the S&P 500 which is down 9.68% from the start of the year.
NiSource follows other major Utilities sector earnings this month
NiSource's report follows an earnings beat by NextEra Energy on January 25, who reported EPS of $0.41 on revenue of $5.05B, compared to forecasts EPS of $0.3897 on revenue of $6.25B.
Duke Energy had missed expectations on February 10 with fourth quarter EPS of $0.94 on revenue of $6.24B, compared to forecast for EPS of $0.9615 on revenue of $6.53B.
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