New Jersey Resources (NJR) Misses Q2 EPS by 36c, Revenues Miss
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New Jersey Resources Reports Second Quarter Fiscal 2020 Results
May 8, 2020 7:00 AM EDTWALL, N.J.--(BUSINESS WIRE)-- Today, New Jersey Resources (NYSE: NJR) reported results for the second quarter of fiscal 2020. Highlights for the quarter included:
Consolidated net income of $88.5 million, compared with $73.6 million in the second quarter of fiscal 2019 Consolidated 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 2019 Reaffirmed NFE guidance of $2.05 to $2.15 per share for fiscal 2020 Business continuity plans implemented due to COVID-19 pandemic; operations remain fundamentally... More