Northwestern Corp. (NWE) Tops Q3 EPS by 34c

Northwestern Corp. (NYSE: NWE) reported Q3 EPS of $0.77, $0.34 better than the analyst estimate of $0.43. Revenue for the quarter came in at $251.9 million versus the consensus estimate of $269 million.

The significant earnings improvement was primarily the result of income tax benefits, related to years prior to 2014, recognized during the quarter.

"Last month, the Montana Public Service Commission issued an historic order, approving our acquisition of Montana hydroelectric facilities that will be dedicated to serve our customers at prices based on cost. As Chairman Bill Gallagher suggested, their farsighted action will be remembered by our grandchildren. Since then, there has been a tremendous amount of activity, in all corners of the company, in anticipation of assuming stewardship of these resources. We are ready to take over operations assuming we receive the FERC's approval for the financing and raise the funds" said Bob Rowe, President and Chief Executive Officer.

For earnings history and earnings-related data on Northwestern Corp. (NWE) click here.

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