CHARLOTTE, N.C. (AP) _ Piedmont Natural Gas Co. (PNY) on Wednesday reported fiscal second-quarter earnings of $63.4 million.
The Charlotte, North Carolina-based company said it had profit of 78 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 79 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The energy services company posted revenue of $350.2 million in the period.
Piedmont Natural Gas expects full-year earnings in the range of $1.90 to $1.95 per share.
Piedmont Natural Gas shares have increased nearly 6 percent since the beginning of the year. The stock has climbed 67 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNY at http://www.zacks.com/ap/PNY
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Keywords: Piedmont Natural Gas, Earnings Report