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Southwest Gas beats 4Q profit forecasts

LAS VEGAS (AP) _ Southwest Gas Corp. (SWX) on Monday reported fourth-quarter profit of $65.2 million.

On a per-share basis, the Las Vegas-based company said it had net income of $1.37.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The natural gas company posted revenue of $641.5 million in the period.

For the year, the company reported profit of $152 million, or $3.18 per share. Revenue was nearly unchanged at $2.46 billion.

Southwest Gas shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $85.54, a rise of 40 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 SWX at https://www.zacks.com/ap/SWX


Keywords: Southwest Gas, Earnings Report