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Dominion Energy Beats Earnings Estimates but Sees Stock Fall

Vincent Kruger
Dominion Energy Beats Earnings Estimates but Sees Stock Fall

Dominion Energy (D) released its second-quarter results yesterday. It reported adjusted EPS of $0.86, beating analysts’ estimate and marking a 28% rise YoY (year-over-year) from $0.67. The company has reaffirmed its 2018 EPS guidance of $3.80–$4.25, and aims to grow its earnings 6%–8% per year through 2020, more than utilities (XLU) (IDU) on average. Dominion stock fell ~2% yesterday after the better-than-expected release, to close at $70.32.