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Dominion Resources posts 3Q profit of $593 million, result misses forecasts


RICHMOND, Virginia — Dominion Resources Inc. (D) on Monday reported third-quarter profit of $593 million.

On a per-share basis, the Richmond, Virginia-based company said it had profit of $1. Earnings, adjusted for non-recurring costs, came to $1.03 per share.

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

The energy company posted revenue of $2.97 billion in the period.

For the current quarter ending in December, Dominion expects its per-share earnings to range from 85 cents to 95 cents.

The company expects full-year earnings in the range of $3.50 to $3.85 per share.

Dominion shares have declined 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. The stock has increased slightly 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 D at http://www.zacks.com/ap/D


Keywords: Dominion Resources, Earnings Report

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