Dominion Resources Sees Q3 Operating EPS Below View

(RTTNews) - Dominion Resources, Inc. (D) expects third-quarter 2016 operating earnings to be in the range of $0.95-$1.10 per share, compared to third-quarter 2015 operating earnings of $1.03 per share. Positive drivers include increased revenues from our growth projects and lower capacity expenses offset by the absence of a farmout transaction and share dilution. Analysts polled by Thomson Reuters expect the company to report earnings of $1.12 per share for the third-quarter. Analysts' estimates typically exclude special items.

The company maintained its previously issued 2016 operating earnings guidance of $3.60-$4.00 per share. Analysts expect annual earnings of $3.79 per share.