Investing.com - NiSource (NYSE:NI) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.09 on revenue of $964.47M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $973.8M.
NiSource shares are down 16% from the beginning of the year and are trading at $23.11 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.32% from the start of the year.
NiSource shares gained 0.61% in intra-day trade following the report.
NiSource follows other major Utilities sector earnings this month
NiSource's report follows an earnings beat by NextEra Energy on Wednesday, October 21, 2020, who reported EPS of $0.67 on revenue of $4.79B, compared to forecasts EPS of $0.65 on revenue of $5.44B.
Southern had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $5.62B, compared to forecast for EPS of $1.21 on revenue of $6.36B.
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