D

Dominion Energy, Inc. Q1 Profit Decreases, but beats estimates

(RTTNews) - Dominion Energy, Inc. (D) announced earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $711 million, or $0.83 per share. This compares with $1.01 billion, or $1.23 per share, in last year's first quarter.

Excluding items, Dominion Energy, Inc. reported adjusted earnings of $1.00 billion or $1.18 per share for the period.

Analysts on average had expected the company to earn $1.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $4.28 billion from $3.87 billion last year.

Dominion Energy, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $711 Mln. vs. $1.01 Bln. last year. -EPS (Q1): $0.83 vs. $1.23 last year. -Analyst Estimates: $1.17 -Revenue (Q1): $4.28 Bln vs. $3.87 Bln last year.

-Guidance: Next quarter EPS guidance: $0.70 to $0.80 Full year EPS guidance: $3.95 to $4.25

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.