MDU Resources Q3 Profit Decreases, but beats estimates

(RTTNews) - MDU Resources (MDU) revealed earnings for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $74.9 million, or $0.37 per share. This compares with $147.9 million, or $0.73 per share, in last year's third quarter.

Excluding items, MDU Resources reported adjusted earnings of $58.6 million or $0.29 per share for the period.

Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.00 billion, equal to the mark posted in the same period last year.

MDU Resources earnings at a glance (GAAP) :

-Earnings (Q3): $74.9 Mln. vs. $147.9 Mln. last year. -EPS (Q3): $0.37 vs. $0.73 last year. -Analyst Estimates: $0.25 -Revenue (Q3): $1.00 Bln vs. $1.00 Bln last year.