Dominion misses 3Q net income and revenue expectations

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RICHMOND, Virginia — RICHMOND, Virginia — Dominion Resources Inc. (D) on Friday reported profit of $529 million in its third quarter.

On a per-share basis, the Richmond, Virginia-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring costs, came to 93 cents per share.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The energy company posted revenue of $3.05 billion in the period, which also missed Street forecasts. Analysts expected $3.26 billion, according to Zacks.

For the current quarter ending in December, Dominion expects its per-share earnings to range from 80 cents to 90 cents.

The company expects full-year earnings in the range of $3.35 to $3.65 per share.

Dominion shares have climbed 11 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 8 percent. The stock has increased 12 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. D stock research report from Zacks.

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Keywords:Dominion,Earnings Report

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