NiSource reports 2nd-quarter loss of $36.1 million

MarketsAssociated Press

NiSource Inc. (NI) on Monday reported a second-quarter loss of $36.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Merrillville, Indiana-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 18 cents per share.

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The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The energy holding company posted revenue of $1.17 billion in the period.

NiSource expects full-year earnings in the range of $1 to $1.10 per share.

NiSource shares have risen 3.5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent.

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This story has been corrected to show that NiSource's stock has risen, adjusted for a spinoff.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at http://www.zacks.com/ap/NI

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Keywords: NiSource, Earnings Report