Revel Casino in Atlantic City. Image source: Getty Images.
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South Jersey Industries(NYSE: SJI) recently reported solid second-quarter results. The utility saw a significant increase in economic earnings (a non-GAAP number the company uses to smooth out the unpredictability of commodity price hedges), thanks in part to some strategic changes it made over the past year. But although earnings surged, the increase came off a small base, because the second quarter is a seasonally slow one for the company and it had a writedown in last year's second quarter, after a big bet went bad.
South Jersey Industries Inc. results: The raw numbers