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Northwestern Earnings

Northwestern Earnings
NorthWestern misses 4Q profit forecasts
The Associated Press - February 13, 2018

SIOUX FALLS, S.D. - NorthWestern Corp. (NWE) on Monday reported fourth-quarter net income of $47.9 million.

The Sioux Falls, South Dakota-based company said it had net income of 98 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The electric and gas utility posted revenue of $344.5 million in the period.

For the year, the company reported profit of $162.7 million, or $3.34 per share. Revenue was reported as $1.31 billion.

NorthWestern expects full-year earnings to be $3.35 to $3.50 per share.

NorthWestern shares have dropped 13 percent since the beginning of the year. The stock has dropped almost 8 percent in the last 12 months.



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