NorthWestern Corporation Reports Third Quarter Revenue Beat Amid Non-GAAP EPS Miss
NorthWestern Corporation (NWE) reported third-quarter financial results characterized by a divergence between top-line growth and bottom-line performance. The company achieved revenue of $423.8 million, representing a 9.5% increase year-over-year and exceeding analyst expectations by $11.35 million. Despite the revenue beat, NorthWestern's Non-GAAP earnings per share (EPS) of $0.58 fell short of consensus estimates by $0.15. While recent price increases have provided some support to the company's financials, cost recovery efforts continue to lag behind requirements.
Topics: earnings miss non-GAAP EPS revenue beat utility sector