New Jersey Resources Reports Second Quarter Fiscal 2020 Results

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Go back to New Jersey Resources Reports Second Quarter Fiscal 2020 Results

New Jersey Resources (NJR) Misses Q2 EPS by 36c, Revenues Miss

May 8, 2020 7:08 AM EDT

New Jersey Resources (NYSE: NJR) reported Q2 EPS of $1.12, $0.36 worse than the analyst estimate of $1.48. Revenue for the quarter came in at $639.61 million versus the consensus estimate of $872.39 million.

Consolidated net income of $88.5 million, compared with $73.6 million in the second quarter of fiscal 2019Consolidated net financial earnings (NFE), a non-GAAP financial measure, of $106.9 million, or $1.12 per share, compared with $112.4 million, or $1.27 per share, in the second quarter of fiscal 2019Reaffirmed NFE guidance of $2.05 to $2.15 per share for fiscal 2020Business... More