Southwest Gas Q1 Profit Down - Quick Facts

(RTTNews) - Southwest Gas Corporation (SWX) Tuesday reported first-quarter profit of $20.1 million or $0.29 per share, down from $23.4 million or $0.30 per share in the same period last year.

Adjusted earnings for the quarter were $27.0 million or $0.39 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $1.69 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 8 percent to $145.9 million from $134.5 million last year.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.24 to $0.25 per share, with adjusted earnings in the order of $0.34 to $0.35 per share.

Revenues are expected to range between $135 million and $140 million. Analysts currently expect the company to earn $0.20 per share for the second quarter.