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Earnings Report-MDU

Earnings Report-MDU

MDU Resources misses 3Q profit forecasts


The Associated Press - November 2, 2017

BISMARCK, N.D. - MDU Resources Group Inc. (MDU) on Wednesday reported third-quarter earnings of $87.4 million.

The Bismarck, North Dakota-based company said it had profit of 45 cents per share. Earnings, adjusted to account for discontinued operations, came to 46 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The energy, mining, construction and utilities company posted revenue of $1.27 billion in the period.

MDU Resources expects full-year earnings to be $1.10 to $1.20 per share.

MDU Resources shares have decreased almost 6 percent since the beginning of the year. The stock has risen nearly 6 percent in the last 12 months.



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