U.S. Markets closed

South Jersey Industries: 1Q Earnings Snapshot

FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Monday reported first-quarter profit of $111.2 million.

On a per-share basis, the Folsom, New Jersey-based company said it had net income of $1.40. Earnings, adjusted for non-recurring gains, were $1.26 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The energy services holding company posted revenue of $521.9 million in the period.

South Jersey Industries expects full-year earnings in the range of $1.57 to $1.65 per share.

South Jersey Industries shares have declined slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $31.17, a decrease of 15 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 SJI at https://www.zacks.com/ap/SJI