Investing.com - NiSource (NYSE:NI) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NiSource announced earnings per share of $0.13 on revenue of $1.05B. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $1.04B.
NiSource shares are down 12% from the beginning of the year, still down 20.93% from its 52 week high of $30.67 set on September 26, 2019. They are under-performing the S&P 500 which is up 3.01% from the start of the year.
NiSource shares gained 0.41% 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 July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Dominion Energy had beat expectations on Friday with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.
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