WASHINGTON (dpa-AFX) - MDU Resources Group Inc. (MDU) Monday said its first-quarter consolidated profit declined to $35.6 million or 19 cents per share from $42.8 million or 23 cents per share in the year-ago quarter, due mainly to lower revenues.
On average, eight analysts polled by Thomson Reuters expected the company to earn 20 cents per share for the first quarter. Analysts' estimates typically exclude special items.
First-quarter revenues declined to $852.8 million from $901.8 million last year.
Looking ahead to the fiscal year 2012, the company re-affirmed its earnings guidance range of $1.00 to $1.25 per share. Analysts currently expect earnings of $1.18 per share for 2012.
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