AGL Resources Q3 Profit Surges; Ups FY13 Earnings View

(RTTNews) - AGL Resources Inc. (GAS), Wednesday posted increased third-quarter net income, on higher revenues. The company also lifted its full-year earnings per share view.

Net income attributable to AGL Resources Inc. was $28 million or $0.24 per share, compared with $9 million or $0.08 per share last year.

Including revenue taxes of $8 million, operating revenues for the three-month period was $675 million, up from prior year's $614 million.

For the full-year, the company now expects earnings to be in the range of $2.75 - $2.85 per share , up from previous expectation of $2.50-$2.70 per share. Excluding wholesale services, the earnings are expected to be between $2.55 - $2.65, a rise from previous expectations of $ $2.40-$2.50 per share.

Further, the Board declared a quarterly dividend of $0.47 per share, payable on December 1 to shareholders of record on November 15.