Spire rises on upbeat Q1 results, outlook raise

Spire

01/02/2023 17:06

** Shares of natural gas company Spire Inc  SR.N  up 2.7% at
$74.18 
    ** Co's Q1 adj profit of $1.55/shr beats analysts'
expectations of $1.03/shr; Q1 revenue also beats estimates -
Refinitiv data 
    ** SR raises forecast for fiscal 2023 net economic earnings
by 10 cents to $4.15–$4.35 per share
    ** Q1 net income rises over 63% to $91 mln from previous
year, helped by strong results of Gas Marketing segment
 urn:newsml:reuters.com:*:nPn84qy2Pa 
    ** Qtrly adj earnings of Gas Marketing segment stands at
$25.7 mln vs $500,000 last year
    ** Shares gained 5.6% in 2022
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))