NiSource (NI) Q1 Earnings Beat Estimates, Revenues Miss

NiSource (NI) reported first-quarter 2024 operating earnings per share (EPS) of 85 cents, which surpassed the Zacks Consensus Estimate of 81 cents by 4.9%. The bottom line increased 10.4% from the year-ago quarter’s recorded figure of 77 cents.On a GAAP basis, the company reported an EPS of 77 cents compared with 71 cents in the prior-year quarter.Total RevenuesOperating revenues of $1.71 billion missed the Zacks Consensus Estimate of$2.07 billion by 17.5%. The top line also decreased 13.2% from the prior- ...