NV Energy reports $4.2 million quarterly earnings
LAS VEGAS (AP) – NV Energy Inc. says higher rates at its Nevada utility helped it post fourth-quarter earnings of $4.2 million, or 2 cents per share.
Company earnings reported Monday for the last three months of 2009 compared with a loss of $2.1 million, or a penny a share, a year ago.
Analysts polled by Thomson Reuters had expected a profit of 7 cents per share, on average.
Revenue for the owner of Nevada Power Co. and Sierra Pacific Power Co. edged up to $772.9 million from $766.1 million in the prior-year period.
Full-year earnings fell to $182.9 million, or 78 cents per share.
That compares with $208.9 million, or 89 cents per share a year ago.
Shares of NV Energy slipped 19 cents on Monday, to $11.17.