Black Hills Q3 Profit Down - Quick Facts

(RTTNews) - Black Hills Corp. (BKH) Monday reported third-quarter profit of $23.1 million or $0.52 per share, down from $34.5 million or $0.78 per share in the same period last year.

Adjusted earnings from continuing operations totaled $21.1 million or $0.47 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues jumped to $259.9 million from $246.8 million last year. Analysts expected revenues of $90.08 million.

Looking ahead, the company currently projects full-year 2013 earnings in a range of $2.28 to $2.40 per share, compared to its previous guidance range of $2.20 to $2.40 per share. Analysts currently expect full-year earnings of $1.34 per share.

For the fiscal 2014, the company has forecast adjusted earnings in the order of $2.40 to $2.60 per share. Analysts currently expect earnings of $1.67 per share for 2014.