KING OF PRUSSIA, Pa. (AP) _ UGI Corp. (UGI) on Monday reported a fiscal third-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the King Of Prussia, Pennsylvania-based company said it had a loss of 1 cent. Earnings, adjusted for non-recurring costs, were 13 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The natural gas and electric utilities operator. posted revenue of $1.36 billion in the period.
UGI expects full-year earnings in the range of $2.40 to $2.60 per share.
UGI shares have declined 7.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.36, a decline of roughly 7% in the last 12 months.