PNM Resources Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - PNM Resources Inc. (PNM) announced earnings for its first quarter that rose from the same period last year.

The company's bottom line totaled $18.70 million, or $0.23 per share. This compares with $14.99 million, or $0.19 per share, in last year's first quarter.

Excluding items, PNM Resources Inc. reported adjusted earnings of $10.77 million or $0.13 per share for the period.

Analysts had expected the company to earn $0.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.0% to $349.65 million from $317.88 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q1): $10.77 Mln. vs. $16.50 Mln. last year. -EPS (Q1): $0.13 vs. $0.21 last year. -Analysts Estimate: $0.11 -Revenue (Q1): $349.65 Mln vs. $317.88 Mln last year.

-Guidance: Full year EPS guidance: $2.10 - $2.20