PNM Resources Inc. Q1 Earnings Climb 105%

(RTTNews) - PNM Resources Inc. (PNM) released a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line came in at $22.1 million, or $0.28 per share. This was up from $10.8 million, or $0.13 per share, in last year's first quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.2% to $330.18 million. This was up from $310.96 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q1): $22.1 Mln. vs. $10.8 Mln. last year. -Earnings Growth (Y-o-Y): 104.6% -EPS (Q1): $0.28 vs. $0.13 last year. -EPS Growth (Y-o-Y): 115.4% -Analysts Estimate: $0.25 -Revenue (Q1): $330.18 Mln vs. $310.96 Mln last year. -Revenue Change (Y-o-Y): 6.2%