PNM Resources Inc. Announces Drop In Q4 Earnings

(RTTNews) - PNM Resources Inc. (PNM) reported a profit for fourth quarter that lost ground compared to the same period last year.

The company said its profit dropped to $19.4 million, or $0.24 per share. This was lower than $27.4 million, or $0.34 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

PNM Resources Inc. earnings at a glance:

-Earnings (Q4): $19.4 Mln. vs. $27.4 Mln. last year. -Earnings Decline (Y-o-Y): -29.2% -EPS (Q4): $0.24 vs. $0.34 last year. -EPS Decline (Y-o-Y): -29.4% -Analysts Estimate: $0.19

-Guidance: Full year EPS guidance: $1.82 to $1.92