PNM Resources Inc. Earnings Climb 19% In Q3

(RTTNews) - PNM Resources Inc. (PNM) announced a profit for its third quarter that advanced from last year.

The company said its bottom line climbed to $74.2 million, or $0.93 per share. This was up from $62.1 million, or $0.78 per share, in last year's third quarter.

Analysts had expected the company to earn $0.85 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.9% to $419.90 million. This was up from $400.37 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q3): $74.2 Mln. vs. $62.1 Mln. last year. -Earnings Growth (Y-o-Y): 19.5% -EPS (Q3): $0.93 vs. $0.78 last year. -EPS Growth (Y-o-Y): 19.2% -Analysts Estimate: $0.85 -Revenue (Q3): $419.90 Mln vs. $400.37 Mln last year. -Revenue Change (Y-o-Y): 4.9%

-Guidance: Full year EPS guidance: $1.77 to $1.87