Spire Inc. Q1 adjusted earnings Inline With Estimates

(RTTNews) - Spire Inc. (SR) released earnings for first quarter that decreased from last year.

The company's bottom line came in at $67.3 million, or $1.32 per share. This compares with $116.0 million, or $2.39 per share, in last year's first quarter.

Excluding items, Spire Inc. reported adjusted earnings of $65.9 million or $1.30 per share for the period.

Analysts had expected the company to earn $1.3 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $602.0 million from $561.8 million last year.

Spire Inc. earnings at a glance:

-Earnings (Q1): $65.9 Mln. vs. $57.9 Mln. last year. -EPS (Q1): $1.30 vs. $1.19 last year. -Analysts Estimate: $1.3 -Revenue (Q1): $602.0 Mln vs. $561.8 Mln last year.

-Guidance: Full year EPS guidance: $3.70 - $3.80