Evergy, Inc. (EVRG - Free Report) reported third-quarter 2019 operating earnings of $1.57 per share, lagging the Zacks Consensus Estimate of $1.59 by 1.26%. The bottom line improved 13.77% from the year-ago-quarter’s $1.38.
The upside in earnings was buoyed by higher gross margins, favorable weather driving demand for services, new retail rates and lower outstanding shares.
GAAP earnings in the reported quarter were $1.56 compared with $1.32 a year ago.
Evergy’s total revenues came in at $1,577.6 million, missing the Zacks Consensus Estimate of $1,619 million by 2.5%. The top line dropped 0.3% from the year-ago-quarter’s $1,582.5 million.