ALBUQUERQUE, N.M. — PNM Resources Inc. (PNM) on Friday reported second-quarter net income of $53.8 million.
The Albuquerque, New Mexico-based company said it had profit of 62 cents per share. Earnings, adjusted for non-recurring gains, were 55 cents per share.
The power company posted revenue of $426.5 million in the period.
PNM Resources expects full-year earnings in the range of $2.27 to $2.37 per share.
PNM Resources shares have fallen slightly since the beginning of the year. The stock has climbed 15% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNM at https://www.zacks.com/ap/PNM