Investing.com - NiSource reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
NiSource announced earnings per share of $0.75 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $0.7773 on revenue of $1.68B.
NiSource shares are up 6% from the beginning of the year and are trading at $29.43 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.63% from the start of the year.
NiSource shares gained 1.62% in intra-day trade the report.
NiSource follows other major Utilities sector earnings this month
NiSource's report follows an earnings beat by NextEra Energy on April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Southern had beat expectations on April 28 with first quarter EPS of $0.97 on revenue of $6.65B, compared to forecast for EPS of $0.9069 on revenue of $6B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar