KANSAS CITY, Mo. (AP) _ Evergy, Inc. (EVRG) on Wednesday reported third-quarter net income of $366.8 million.
The Kansas City, Missouri-based company said it had net income of $1.56 per share. Earnings, adjusted for non-recurring costs, came to $1.57 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The electric utility posted revenue of $1.58 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.62 billion.
Evergy shares have climbed 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.93, a rise of 10% in the last 12 months.