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South Jersey Industries: 3Q Earnings Snapshot

·1 min read

FOLSOM, N.J. (AP) _ South Jersey Industries Inc. (SJI) on Wednesday reported a loss of $10.4 million in its third quarter.

On a per-share basis, the Folsom, New Jersey-based company said it had a loss of 10 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 6 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The energy services holding company posted revenue of $261.5 million in the period.

South Jersey Industries expects full-year earnings in the range of $1.50 to $1.60 per share.

South Jersey Industries shares have dropped 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.45, a decline of 38% in the last 12 months.

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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