PNM Resources Inc (PNM) Releases Earnings Results, Beats Expectations By $0.01 EPS

PNM Resources Inc (PNM) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.40 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.39. The company posted revenue of $315.39 million in the period. The company’s revenue was down -10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

PNM Resources Inc closed down -0.83 points or -2.48% at $32.63 with 7,59,148 shares getting traded on Friday. Post opening the session at $33.19, the shares hit an intraday low of $32.57 and an intraday high of $33.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 17, 2016, Ronald N. Darnell (SVP, PUBLIC POLICY) sold 113 shares at $33.05 per share price. According to the SEC, on Mar 14, 2016, Charles N Eldred (EXEC VP, CFO) sold 1,550 shares at $33.29 per share price. On Mar 8, 2016, Patrick V Apodaca (SR VP, GEN COUNSEL & SECY) sold 3,800 shares at $33.04 per share price, according to the Form-4 filing with the securities and exchange commission.

PNM Resources Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Company’s business segments include PNM TNMP and Corporate and Other. PNM is an electric utility that provides electric generation transmission and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities primarily related to corporate level debt and PNMR Services Company. The Company’s primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

PNM Resources Inc

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