U.S. Markets closed

NorthWestern beats 1Q profit forecasts

SIOUX FALLS, S.D. (AP) _ NorthWestern Corp. (NWE) on Wednesday reported first-quarter earnings of $56.6 million.

The Sioux Falls, South Dakota-based company said it had profit of $1.17 per share. Earnings, adjusted for non-recurring gains, were $1.13 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The electric and gas utility posted revenue of $367.3 million in the period.

NorthWestern shares have increased slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.92, an increase of 6.5 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 NWE at https://www.zacks.com/ap/NWE


Keywords: NorthWestern, Earnings Report