Dominion Resources posts 2Q profit of $413 million, result tops expectations

StocksAssociated Press

Dominion Resources Inc. (D) on Wednesday reported second-quarter earnings of $413 million.

On a per-share basis, the Richmond, Virginia-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring costs, came to 73 cents per share.

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The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The energy company posted revenue of $2.75 billion in the period.

For the current quarter ending in October, Dominion expects its per-share earnings to range from 95 cents to $1.10. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.10.

The company expects full-year earnings in the range of $3.50 to $3.85 per share.

Dominion shares have declined nearly 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 2 percent. The stock has risen almost 5 percent 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 D at http://www.zacks.com/ap/D

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Keywords: Dominion Resources, Earnings Report