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Southwest Gas Q4 Results Top Estimates
(RTTNews) - Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the fourth quarter of $72.87 million or $1.01 per share, compared to a net loss of $280.58 million or $4.18 per share in the prior-year quarter.
Excluding items, adjusted earnings per share were $1.13 per share, compared to $1.16 per share last year.
Consolidated operating revenues for the quarter grew to $1.37 billion from $1.42 billion in the same quarter last year.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share on revenues of $1.29 billion for the quarter. Analysts' estimates typically exclude special items.
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Southwest Gas Q2 Results Top Estimates
Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the second quarter of $28.88 million or $0.40 per share, compared to a net loss of $6.58 million or $0.10 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.47 per share, compared to $0.23 per share last year.
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Southwest Gas Prices Of 3.58 Mln Share Underwritten Public Offering At $60.12/share
Southwest Gas Holdings, Inc. (SWX) announced Wednesday that it has priced an underwritten public offering of 3.58 million shares of its common stock at a public offering price of $60.12 per share, for net proceeds, after the underwriting discount and before the estimated expenses of the offering payable by the Company, of approximately $207.7 million.
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Williams To Acquire MountainWest Pipelines From Southwest Gas In $1.5 Bln Deal
Williams Cos. (WMB) announced Thursday that it has reached an agreement to acquire MountainWest Pipelines Holding Co. from Southwest Gas Holdings, Inc. (SWX), in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion.
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Tech Shares May Lift South Korea Stock Market
The South Korea stock market on Friday halted the four-day winning streak in which it had surged almost 220 points or 5.5 percent. The KOSPI sits just above the 4,010-point plateau and it may see a technical rebound on Monday.
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Japan GDP Data Due On Monday
Japan will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the three months prior, GDP was up 0.5 percent on quarter and 2.2 percent on year.
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U.S. Dollar Falls Against Euro, Pound
The U.S. dollar fell against the euro and the pound in the New York session on Friday.
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Swiss Market Ends On Weak Note
Save for a brief while around mid morning when it edged slightly above the flat line, Switzerland's benchmark index SMI remained in negative territory on Friday amid concerns about high tech valuation and fading hopes of an interest rate cut by the Federal Reserve next month.
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European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
European stocks closed weak on Friday amid concerns about high tech valuations, and fading hopes of a Federal Reserve rate cut next month following hawkish comments from a few central bank officials.
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