Investing.com - NiSource (NYSE:NI) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.75 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $0.7773 on revenue of $1.68B.
NiSource shares are up 6% from the beginning of the year, still down 9.47% from its 52 week high of $32.58 set on April 6. They are outperforming the S&P 500 which is down 12.61% from the start of the year.
NiSource shares gained 1.86% 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 April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on April 28 with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.9069 on revenue of $6B.
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