RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Dominion Energy Inc. (D) on Wednesday reported a fourth-quarter loss of $42 million, after reporting a profit in the same period a year earlier.
The Richmond, Virginia-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.06 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The energy company posted revenue of $4.91 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $4.2 billion.
For the year, the company reported profit of $994 million, or $1.09 per share. Revenue was reported as $17.17 billion.
For the current quarter ending in March, Dominion Energy expects its per-share earnings to range from 97 cents to $1.12. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.08.
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