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NiSource: Q4 Earnings Snapshot

MERRILLVILLE, Ind. (AP) — MERRILLVILLE, Ind. (AP) — NiSource Inc. (NI) on Wednesday reported fourth-quarter net income of $257.8 million.

On a per-share basis, the Merrillville, Indiana-based company said it had net income of 53 cents. Earnings, adjusted for non-recurring gains, came to 51 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The energy holding company posted revenue of $1.9 billion in the period. Its adjusted revenue was $1.89 billion.

For the year, the company reported profit of $929.5 million, or $1.95 per share. Revenue was reported as $6.61 billion.

NiSource expects full-year earnings in the range of $2.02 to $2.07 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NI at https://www.zacks.com/ap/NI

Warm ocean waters bring a surge of stingrays to Orange County beaches

Click here for updates on this story    ORANGE COUNTY, California (KCAL, KCBS) -- Orange County beachgoers notice that there's a lot of stingrays lately, and lifeguards say the warm water, especially in places where the surf is relatively calm, is contributing to a dramatic increase in the number of stingray incidents.More than 3,100 people have been stung at Bolsa Chica and Huntington State Beach so far this year, which is at least double last year's total.At Huntington city beach, 80 swimmers and surfers were injured just this week alone."Bolsa Chica has slightly a different angle at their beach and they're not as exposed to that south-facing swell direction that we experience here at main beach, so it doesn't surprise me that they've had an increase in stingray activity," Huntington Beach Marine Safety Battalion Chief Derek Peters said.Last Friday, researchers from Cal State Long Beach's Shark Lab brought a net to Seal Beach and collected a few hundred stingrays in just one area.Experts say there's a marine heatwave off parts of the West Coast. It's the third time on record that such a large swath of the Pacific Ocean has stayed warm for so long. Newport Harbor High School students Marigold Kulik and Audrey Lauritzen made it out of the water at Huntington's main beach without seeing one stingray."They're scary, though. I don't like them," Kulik said.Thermal bags are stored in the toolboxes on Huntington lifeguards' trucks. Anyone who has felt the sharp barb of a stingray knows that scalding hot water is the treatment. Water poured into the bag for a foot bath brings much-needed relief.Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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