Investing.com - NiSource (NYSE:NI) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NiSource announced earnings per share of $0.11 on revenue of $951.26M. Analysts polled by Investing.com anticipated EPS of $0.0945 on revenue of $949.14M.
NiSource shares are up 10% from the beginning of the year, still down 5.08% from its 52 week high of $26.60 set on May 10. They are under-performing the S&P 500 which is up 23.19% from the start of the year.
NiSource shares gained 2.04% 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 20, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.
Exelon had beat expectations on Wednesday with third quarter EPS of $1.09 on revenue of $8.91B, compared to forecast for EPS of $1.08 on revenue of $8.5B.
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