PNM Resources Q3 Profit Declines - Quick Facts

(RTTNews) - PNM Resources (PNM) reported that its third-quarter net income decreased to $54.6 million or $0.68 per share, from $57.9 million or $0.72 per share, last year. Ongoing net earnings was $51.7 million or $0.64 per share, for the quarter.

On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.67 for the quarter. Analysts' estimates typically exclude special items.

Management narrowed the 2013 consolidated earnings guidance range to $1.35 to $1.41 per share. Analysts expect the company to report 2013 profit per share of $1.38.