MDU Resources reported a decline in its third-quarter profit compared to the previous year; however, the results surpassed Wall Street expectations. The company posted earnings of $64.6 million, equating to $0.32 per share, in contrast to $74.9 million, or $0.37 per share, during the same quarter last year. According to Thomson Reuters’ data, analysts had projected earnings of $0.26 per share, typically excluding any special items. Revenue for the quarter saw a 5% increase, rising to $1.050 billion from $1.000 billion in the prior year.
Overview of MDU Resources’ Third-Quarter Earnings (GAAP):
- Earnings: $64.6 million compared to $74.9 million last year.
- Earnings per Share (EPS): $0.32 compared to $0.37 last year.
- Revenue: $1.050 billion compared to $1.000 billion last year.
