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Northwest Natural Holding Swings to Q2 Net Loss, Revenue Falls
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Northwest Natural Holding Swings to Q2 Net Loss, Revenue Falls
Aug 2, 2024 6:33 AM

09:10 AM EDT, 08/02/2024 (MT Newswires) -- Northwest Natural Holding ( NWN ) reported Q2 net loss Friday of $0.07 per diluted share, swinging from net income of $0.03 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.13.

Revenue for the quarter ended June 30 was $211.7 million, down from $237.9 million a year earlier.

Three analysts polled by Capital IQ expected $232 million.

The company said it continues to expect 2024 earnings per share of $2.20 to $2.40 per share. Analysts surveyed by Capital IQ are looking for $2.29.

Shares of the company were down 3.7% in recent Friday premarket activity.

Price: 38.87, Change: -1.49, Percent Change: -3.69

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