Investing.com - NiSource (NYSE:NI) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NiSource announced earnings per share of $0.12 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.125 on revenue of $1.07B.
NiSource shares are down 12% from the beginning of the year, still down 7.63% from its 52 week high of $32.58 set on April 6. They are outperforming the S&P 500 which is down 14.16% 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 July 22, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Southern had beat expectations on July 28 with second quarter EPS of $1.07 on revenue of $7.21B, compared to forecast for EPS of $0.8406 on revenue of $5.44B.
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