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Chesapeake Utilities: 1Q Earnings Snapshot

DOVER, Del. (AP) _ Chesapeake Utilities Corp. (CPK) on Tuesday reported first-quarter earnings of $26.9 million.

The Dover, Delaware-based company said it had profit of $1.64 per share. Earnings, adjusted for non-recurring gains, came to $1.40 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The energy and utility company posted revenue of $239.4 million in the period.

Chesapeake Utilities shares have declined 3 percent since the beginning of the year. The stock has climbed almost 5 percent in the last 12 months.


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