PNM Resources Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - PNM Resources Inc. (PNM) released earnings for its second quarter that climbed from the same period last year.

The company's earnings came in at $38.2 million, or $0.48 per share. This compares with $37.6 million, or $0.47 per share, in last year's second quarter.

Excluding items, PNM Resources Inc. reported adjusted earnings of $42.3 million or $0.53 per share for the period.

Analysts had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.8% to $352.31 million from $362.32 million last year.

PNM Resources Inc. earnings at a glance:

-Earnings (Q2): $42.3 Mln. vs. $39.6 Mln. last year. -EPS (Q2): $0.53 vs. $0.49 last year. -Analysts Estimate: $0.43 -Revenue (Q2): $352.31 Mln vs. $362.32 Mln last year.

-Guidance: Full year EPS guidance: $1.91 - $1.98