MERRILLVILLE, Ind. (AP) — MERRILLVILLE, Ind. (AP) — NiSource Inc. (NI) on Wednesday reported first-quarter profit of $474.8 million.
The Merrillville, Indiana-based company said it had net income of $1 per share. Earnings, adjusted for non-recurring gains, came to 98 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The energy holding company posted revenue of $2.18 billion in the period.
NiSource expects full-year earnings in the range of $1.85 to $1.89 per share.
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