DALLAS (AP) — DALLAS (AP) — Atmos Energy Corp. (ATO) on Tuesday reported fiscal first-quarter net income of $403 million.
The Dallas-based company said it had profit of $2.44 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.
The natural gas utility posted revenue of $1.34 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.44 billion.
Atmos expects full-year earnings to be $8.15 to $8.35 per share.
Atmos shares have increased roughly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $168.81, an increase of 18% in the last 12 months.
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