U.S. Markets close in 6 hrs 29 mins

Spire beats 1Q profit forecasts

ST LOUIS (AP) _ Spire Inc. (SR) on Thursday reported fiscal first-quarter net income of $116 million.

The St. Louis-based company said it had profit of $2.39 per share. Earnings, adjusted for non-recurring gains, came to $1.19 per share.

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

The natural gas distributor posted revenue of $561.8 million in the period.

Spire shares have decreased 12 percent since the beginning of the year. The stock has climbed slightly more than 2 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 SR at https://www.zacks.com/ap/SR