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New Jersey Resources Swings to Loss in Fiscal Q3, Revenue Rises
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New Jersey Resources Swings to Loss in Fiscal Q3, Revenue Rises
Aug 6, 2024 6:36 AM

09:00 AM EDT, 08/06/2024 (MT Newswires) -- New Jersey Resources ( NJR ) reported a fiscal Q3 net financial loss Tuesday of $0.09 per share, swinging from net financial earnings of $0.10 per share a year earlier.

Analysts surveyed by Capital IQ expected a normalized loss of $0.05 per share.

Revenue for the quarter ended June 30 was $275.6 million, compared with $264.1 million a year earlier.

One analyst surveyed by Capital IQ expected $284 million.

The company said it continues to expect fiscal 2024 net financial earnings per share of $2.85 to $3.00.

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