Black Hills Corp (BKH) reported a decline in its third-quarter profits compared to the same period last year, falling short of Wall Street expectations. The company's net income was recorded at $24.4 million, or $0.35 per share, down from $45.4 million, or $0.67 per share, in the previous year's third quarter. On average, analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.48 per share, a figure that typically excludes any special items.
The revenue for the quarter also saw a decrease, slipping by 1.4% to $401.6 million from $407.1 million in the prior year.
Here’s a quick overview of Black Hills Corp’s earnings under Generally Accepted Accounting Principles (GAAP):
- Earnings for Q3: $24.4 million versus $45.4 million from the previous year.
- Earnings Per Share (EPS) for Q3: $0.35, compared to $0.67 from the previous year.
- Revenue for Q3: $401.6 million, comparing with $407.1 million in the prior year.
**Guidance**: The company maintains its full-year EPS guidance between $3.80 and $4.00.
