Why Dominion Energy Stock Edged Higher Today
Some investors were energized by Dominion Energy's (NYSE: D) latest earnings report, which was published before market open on Thursday. The lightly positive reaction to the gas and electric utility company's performance boosted its stock price, which closed the day nearly 1% higher. That was lofty enough to beat the 0.6% increase of the S&P 500 index.In Dominion's first quarter, the company earned just under $4.08 billion in revenue for a satisfying 12% improvement year over year. The company's "operating earnings" (i.e., non-GAAP or adjusted net income) swelled to $803 million, or $0.93 per share, from the year-ago profit of $485 million. Compounding those solid growth figures, both line items topped analyst estimates, particularly on the bottom line. The consensus prognosticator expectation for revenue was $3.78 billion and $0.77 per share for adjusted net income.Continue reading
Some investors were energized by Dominion Energy's (NYSE: D) latest earnings report, which was published before market open on Thursday. The lightly positive reaction to the gas and electric utility company's performance boosted its stock price, which closed the day nearly 1% higher. That was lofty enough to beat the 0.6% increase of the S&P 500 index.
In Dominion's first quarter, the company earned just under $4.08 billion in revenue for a satisfying 12% improvement year over year. The company's "operating earnings" (i.e., non-GAAP or adjusted net income) swelled to $803 million, or $0.93 per share, from the year-ago profit of $485 million.
Compounding those solid growth figures, both line items topped analyst estimates, particularly on the bottom line. The consensus prognosticator expectation for revenue was $3.78 billion and $0.77 per share for adjusted net income.
