Investing.com - NiSource (NYSE:NI) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.10 on revenue of $1.01B. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $1.03B.
NiSource shares are down 11% from the beginning of the year, still down 24.87% from its 52 week high of $32.58 set on April 6.
NiSource shares lost 5.47% 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 28, who reported EPS of $0.85 on revenue of $6.72B, compared to forecasts EPS of $0.79 on revenue of $5.96B.
Duke Energy had missed expectations on Friday with third quarter EPS of $1.78 on revenue of $7.97B, compared to forecast for EPS of $1.84 on revenue of $7,388M.
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