PNM Resources Affirms 2019 Ongoing Earnings Guidance - Quick Facts

(RTTNews) - PNM Resources (PNM) said its management affirmed 2019 consolidated ongoing earnings guidance of $2.05 to $2.11 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.09. Analysts' estimates typically exclude special items.

For the third-quarter, ongoing earnings per share was $1.29 compared to $1.08, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.27.

Third-quarter total electric operating revenues increased to $433.59 million from $422.67 million, prior year. Analysts expected revenue of $445.95 million, for the quarter.