MERRILLVILLE, Ind. (AP) _ NiSource Inc. (NI) on Wednesday reported a second-quarter loss of $4.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Merrillville, Indiana-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs, came to 13 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The energy holding company posted revenue of $962.7 million in the period.
NiSource shares have dropped 13% since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 2%.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at https://www.zacks.com/ap/NI
The Associated Press
