New Jersey Resources climbs on upbeat Q1 results, forecast raise

New Jersey Resources

02/02/2023 15:46

** Shares of natural gas distributer New Jersey Resources
Corp  NJR.N  up 4.5% at $52.03
    ** Co's Q1 adj profit of $1.14/shr beats analysts'
expectations of 72 cents/shr; Q1 revenue of $723.6 mln also
beats estimates - Refinitiv data
    ** Co raises its fiscal 2023 adj earnings forecast to $2.62
to $2.72 from previous $2.42 to $2.52  urn:newsml:reuters.com:*:nBwhtFSga
    ** Results were driven by strong performance of Energy
Services unit during winter storm Elliot - NJR
    ** Shares gain 5.3% YTD, including sessions gain
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))