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El Paso Electric: 3Q Earnings Snapshot

EL PASO, Texas — El Paso Electric Co. (EE) on Wednesday reported third-quarter net income of $77.9 million.

On a per-share basis, the El Paso, Texas-based company said it had profit of $1.91. Earnings, adjusted for non-recurring gains, came to $1.83 per share.

The utility posted revenue of $294.5 million in the period.

El Paso Electric shares have increased 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $66.75, a rise of 16% 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 EE at https://www.zacks.com/ap/EE

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