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South Jersey Industries: 1Q Earnings Snapshot

FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported first-quarter earnings of $85.6 million.

The Folsom, New Jersey-based company said it had profit of 94 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.09 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The energy services holding company posted revenue of $637.3 million in the period.

South Jersey Industries expects full-year earnings in the range of $1.05 to $1.15 per share.

South Jersey Industries shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.71, climbing slightly 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 SJI at https://www.zacks.com/ap/SJI