Refile: BUZZ-Gas utility Spire drops on wider-than-expected Q4 loss
16/11/2022 18:49
(Removes extraneous words in first bullet)
** Gas utility firm Spire Inc's shares SR.N slide 1.8% to
$68.8
** Spire posts adjusted Q4 loss of 66/share vs. analyst
estimates of a loss of 64 cents/shr - Refinitiv IBES data
** Co blames seasonal nature of natural gas demand where co
typically incurs loss in Q4
** Co beat revenue estimates; expects capex for fiscal 2023
to be about $700 mln
** Two of nine brokerages rate the stock "buy" or higher,
seven "hold"; their median PT is $74 - Refinitiv
** Stock had risen 5% YTD, compared with a 3.4% decline in
the S&P 400 gas utilities industry index .SPMDCGAUT
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))