NiSource Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - NiSource Inc. (NI) reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $85.8 million, or $0.19 per share. This compares with $39.9 million, or $0.09 per share, in last year's second quarter.

Excluding items, NiSource Inc. reported adjusted earnings of $94.7 million or $0.21 per share for the period.

Analysts on average had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

NiSource Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $85.8 Mln. vs. $39.9 Mln. last year. -EPS (Q2): $0.19 vs. $0.09 last year.