Black Hills Corp. (BKH) Misses Q2 EPS by 14c, Reaffirms Guidance
Black Hills Corp. (NYSE: BKH) reported Q2 EPS of $0.39, $0.14 worse than the analyst estimate of $0.53.Black Hills Corp. reaffirmed FY2016 guidance.
2016 EARNINGS GUIDANCE REAFFIRMED
Black Hills reaffirms its guidance for 2016 earnings, as adjusted, of $2.90 to $3.10 per share (this is a non-GAAP measure and an accompanying schedule for the GAAP to non-GAAP adjustment reconciliation is provided below), as most recently issued on Feb. 12, 2016.
| 2016 Earnings Guidance as Adjusted | |||||||
| LOW | HIGH | ||||||
| Earnings (loss) per share (GAAP) | $ | 2.05 | $ | 2.25 | |||
| Adjustments*, pre-tax: | |||||||
| Impairment of long-lived assets | 0.76 | 0.76 | |||||
| Acquisition costs | 0.59 | 0.59 | |||||
| 1.35 | 1.35 | ||||||
| Tax on Adjustments*: | |||||||
| Impairments | (0.29 | ) | (0.29 | ) | |||
| Acquisition costs | (0.21 | ) | (0.21 | ) | |||
| (0.50 | ) | (0.50 | ) | ||||
| Total adjustments, net of tax | 0.85 | 0.85 | |||||
| Earnings (loss) per share, as adjusted (non-GAAP) | $ | 2.90 | $ | 3.10 | |||
For earnings history and earnings-related data on Black Hills Corp. (BKH) click here.