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Northwest Natural Gas reports 3Q loss

PORTLAND, Ore. (AP) _ Northwest Natural Gas Co. (NWN) on Friday reported a third-quarter loss of $8.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Portland, Oregon-based company said it had a loss of 30 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.

The natural gas distributor posted revenue of $88.2 million in the period.

Northwest Natural Gas expects full-year earnings to be $2.05 to $2.25 per share.

Northwest Natural Gas shares have risen 11 percent since the beginning of the year. The stock has climbed 19 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 NWN at https://www.zacks.com/ap/NWN