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NorthWestern Energy Q2 adjusted EPS beats estimate by wide margin

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NorthWestern Energy Q2 adjusted EPS beats estimate by wide margin

Northwestern Energy, known legally as , on July 22reported second-quarter 2016 adjusted EPS of 65 cents, compared with adjustedEPS of 48 cents in the same quarter of 2015.

The result beats the second-quarter 2016 consensusnormalized EPS estimate of 55 cents as aggregated by S&P Capital IQ.

On a GAAP basis, the company recorded a 14.8% year-over-yearincrease in net income to $35.6 million, or 73 cents per share, from $31.0 million,or 65 cents per share, a year ago.

The increase was attributed to improvements in gross marginand income tax expense, partially offset by higher operating expense due to a$20.8 million insurance recovery that reduced operating expense in 2015, Northwesternsaid.

Second-quarter revenues increased to $293.1 million in 2016,from $270.6 million a year ago, while operating income increased $2.6 millionyear over year to $63.7 million during the most recent quarter.

NorthWestern reaffirmedits full-year 2016 adjusted EPS guidance range of $3.20 to $3.35.

S&P Capital IQ andS&P Global Market Intelligence are owned by S&P Global Inc.