MDU Resources beats 4Q profit forecasts

BISMARCK, N.D. (AP) _ MDU Resources Group Inc. (MDU) on Wednesday reported fourth-quarter net income of $65.7 million.

The Bismarck, North Dakota-based company said it had profit of 33 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The energy, mining, construction and utilities company posted revenue of $1.02 billion in the period.

For the year, the company reported that its loss narrowed to $67.3 million, or 33 cents per share. Revenue was reported as $4.13 billion.

MDU Resources expects full-year earnings to be $1.10 to $1.25 per share.

MDU Resources shares have declined slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.82, an increase of 63 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDU at https://www.zacks.com/ap/MDU

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Keywords: MDU Resources, Earnings Report