New Mexico’s PNM Resources announces Q2 earnings

ALBUQUERQUE, N.M. (AP) _ PNM Resources Inc. (PNM) on Friday reported second-quarter net income of $53.8 million.

The Albuquerque, New Mexico-based company said it had profit of 62 cents per share. Earnings, adjusted for non-recurring gains, were 55 cents per share.

The power company posted revenue of $426.5 million in the period.

PNM Resources expects full-year earnings in the range of $2.27 to $2.37 per share.

PNM Resources shares have fallen slightly since the beginning of the year. The stock has climbed 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNM at https://www.zacks.com/ap/PNM