WASHINGTON (dpa-AFX) - Utility NiSource Inc. (NI) Tuesday reaffirmed that the company expects to deliver adjusted net operating earnings of $1.00 to $1.10 per share in 2016.
For the third quarter, NiSource reported net operating earnings of $18.5 million or $0.06 per share compared to a loss of $8.7 million or $0.03 per share in the same period last year.
The company reported GAAP income from continuing operations of $14.8 million or $0.05 per share compared to a loss of $17.2 million or $0.05 per share a year ago.
On average, eight analysts polled by Thomson Reuters expected earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Total net revenues rose to $608.1 million from $575.8 million in the prior year. Adjusted revenues were $612.0 million compared to $589.3 million last year.
The company reported non-GAAP gross revenues of $821.1 million versus $851.6 million in the same quarter a year ago.
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