Dominion Resources posts 1Q profit of $536 million, result tops expectations

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RICHMOND, Virginia — Dominion Resources Inc. (D) on Monday reported first-quarter profit of $536 million.

On a per-share basis, the Richmond, Virginia-based company said it had net income of 91 cents. Earnings, adjusted for non-recurring costs, were 99 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The energy company posted revenue of $3.41 billion in the period.

For the current quarter ending in June, Dominion expects its per-share earnings to range from 65 cents to 75 cents.

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

Dominion shares have declined roughly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has risen 1 percent 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 D at http://www.zacks.com/ap/D

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Keywords: Dominion Resources, Earnings Report

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