WASHINGTON (dpa-AFX) - NiSource Inc. (NI) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $474.8 million, or $1.00 per share. This compares with $344.3 million, or $0.77 per share, last year.
Excluding items, NiSource Inc. reported adjusted earnings of $462.3 million or $0.98 per share for the period.
Analysts on average had expected the company to earn $0.90 per share. Analysts' estimates typically exclude special items.
NiSource Inc. earnings at a glance (GAAP) :
-Earnings: $474.8 Mln. vs. $344.3 Mln. last year. -EPS: $1.00 vs. $0.77 last year.
-Guidance: Full year EPS guidance: $1.85 - $1.89
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