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RICHMOND, Va. (AP) _ Dominion Energy Inc. (D) on Friday reported a first-quarter loss of $680 million, after reporting a profit in the same period a year earlier.
The Richmond, Virginia-based company said it had a loss of 86 cents per share. Earnings, adjusted for one-time gains and costs, were $1.10 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The energy company posted revenue of $3.86 billion in the period.
Dominion Energy expects full-year earnings in the range of $4.05 to $4.40 per share.
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Dominion Energy shares have increased nearly 8% since the beginning of the year, while the Standard & Poor’s 500 index has risen 16%. The stock has risen 16% in the last 12 months.
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 https://www.zacks.com/ap/D
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