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PNM Resources: 3Q Earnings Snapshot

ALBUQUERQUE, N.M. (AP) _ PNM Resources Inc. (PNM) on Friday reported third-quarter net income of $102.9 million.

On a per-share basis, the Albuquerque, New Mexico-based company said it had net income of $1.28. Earnings, adjusted for non-recurring costs, were $1.29 per share.

The power company posted revenue of $433.6 million in the period.

PNM Resources shares have climbed 27% since the beginning of the year. The stock has risen 36% in the last 12 months.


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New Mexico

Associated Press


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