PNM Resources Inc. Profit Rises 12% In Q3

(RTTNews) - PNM Resources Inc. (PNM) announced earnings for its third quarter that rose from last year.

The company said its bottom line came in at $60.9 million, or $0.76 per share. This was higher than $54.5 million, or $0.68 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 rose 0.8% to $417.43 million. This was up from $413.95 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q3): $60.9 Mln. vs. $54.5 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q3): $0.76 vs. $0.68 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $0.74 -Revenue (Q3): $417.43 Mln vs. $413.95 Mln last year. -Revenue Change (Y-o-Y): 0.8%

-Guidance: Full year EPS guidance: $1.56 - $1.61