ST LOUIS (AP) - In a story Wednesday about Spire Inc.’s results - generated by Automated Insights using data from Zacks Investment Research - The Associated Press reported erroneously that the company posted a loss in the year-earlier fiscal first quarter. Instead it earned a profit.
A corrected version of the story is below:
Spire: Fiscal 1Q Earnings Snapshot
ST LOUIS (AP) - Spire Inc. (SR) on Wednesday reported fiscal first-quarter net income of $67 million, after reporting a profit in the same period a year earlier.
The St. Louis-based company said it had net income of $1.24 per share. Earnings, adjusted for one-time gains and costs, were $1.33 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The natural gas distributor posted revenue of $566.9 million in the period.
Spire shares have risen roughly 2% since the beginning of the year. The stock has risen 7.5% in the last 12 months.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SR at https://www.zacks.com/ap/SR
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