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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dominion Energy Inc | NYSE:D | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.45 | -0.88% | 50.96 | 440 | 09:18:19 |
Dominion Resources Inc. reported a decline in operating profit and revenue in the most-recent quarter amid weather and refueling woes, and offered a disappointing outlook for the current quarter.
The Richmond, Va.-based utility said it expects to post third-quarter earnings in the range of 95 cents to $1.10 a share. Analysts had predicted $1.12 a share, according to Thomson Reuters. The company reaffirmed its yearly guidance for earnings of $3.60 to $4 a share.
During the June quarter, a 26% surge in profit in Dominion's electric generation segment was offset by declines in other segments.
In all, Dominion reported a profit of $452 million, or 73 cents a share, up from $413 million, or 70 cents a share, a year earlier.
Operating earnings fell to 71 cents a share from 73 cents a year before. The company, which blamed the slip on milder weather, a planned refueling outage and share dilution—had guided for operating earnings of 65 cents to 75 cents a share.
Operating revenue slide 5.4% to $2.6 billion, below analyst estimates for $2.9 billion.
Shares, inactive premarket, have risen 14% so far this year.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
August 03, 2016 09:05 ET (13:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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