Black Hills Corp Q3 adjusted earnings Miss Estimates

(RTTNews) - Black Hills Corp (BKH) reported earnings for third quarter that fell from last year.

The company's earnings came in at $17.0 million, or $0.31 per share. This compares with $27.7 million, or $0.50 per share, in last year's third quarter.

Excluding items, Black Hills Corp reported adjusted earnings of $23.1 million or $0.42 per share for the period.

Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.1% to $322.0 million from $335.6 million last year.

Black Hills Corp earnings at a glance:

-Earnings (Q3): $23.1 Mln. vs. $29.2 Mln. last year. -EPS (Q3): $0.42 vs. $0.52 last year. -Analysts Estimate: $0.50 -Revenue (Q3): $322.0 Mln vs. $335.6 Mln last year.

-Guidance: Full year EPS guidance: $3.35 - $3.55