PNM Resources Inc. Earnings Advance 2% In Q3

(RTTNews) - PNM Resources Inc. (PNM) announced a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $62.1 million, or $0.78 per share. This was higher than $60.9 million, or $0.76 per share, in last year's third quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.1% to $400.37 million. This was down from $417.43 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q3): $62.1 Mln. vs. $60.9 Mln. last year. -Earnings Growth (Y-o-Y): 2.0% -EPS (Q3): $0.78 vs. $0.76 last year. -EPS Growth (Y-o-Y): 2.6% -Analysts Estimate: $0.74 -Revenue (Q3): $400.37 Mln vs. $417.43 Mln last year. -Revenue Change (Y-o-Y): -4.1%