Black Hills Corp (BKH) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $127.9 million, or $1.87 per share. This compares with $114.1 million, or $1.73 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 21.1% to $726.4 million from $921.2 million last year.
Black Hills Corp earnings at a glance (GAAP) :
-Earnings (Q1): $127.9 Mln. vs. $114.1 Mln. last year.
-EPS (Q1): $1.87 vs. $1.73 last year.
-Revenue (Q1): $726.4 Mln vs. $921.2 Mln last year.
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