Black Hills Q2 Profit Falls

(RTTNews) - Black Hills Corp. (BKH) reported net income for the second quarter of $20 million or $0.44 per share, compared to $31 million or $0.69 per share for the year-ago quarter.

Excluding items, adjusted net income for the year-ago quarter was $18 million or $0.41 per share.

Analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the second quarter.

Total revenue for the second quarter rose to $283.3 million from $279.8 million a year ago.

The company reaffirmed its 2014 adjusted earnings guidance of $2.65 to $2.85 per share. Analysts currently expect the company to earn $2.76 per share for the full year 2014.