News Column

Dominion 2Q profit falls 21 percent

July 30, 2014



RICHMOND, Va. (AP) Dominion Resources Inc. (D) on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.

The Richmond, Virginia-based company said earnings fell to $159 million, or 27 cents per share, from $202 million, or 35 cents per share, in the same quarter a year earlier.

Earnings, adjusted for non-recurring costs, were 62 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The company said revenue dropped 5.6 percent to $2.81 billion from $2.98 billion in the same quarter a year earlier. The results met Wall Street forecasts.

Dominion Resources shares have increased $5.24, or 8.1 percent, to $69.93 since the beginning of the year, while the Standard & Poor's 500 index has risen 6.6 percent. The stock has climbed $10.53, or 18 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full D report: http://www.zacks.com/ap/D

Keywords:Dominion,Earnings Report


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Associated Press


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters