Dominion Resources Misses Estimates (D)

Richmond, Virginia-based Dominion Resources, Inc. D released financial results on Friday morning that failed to meet Wall Street estimates. Dominion Resources, Inc announced that its 4th quarter operating earnings fell to $366 million, or 63 cents per share, down from $374 million, or 63 cents per share, a year earlier. Dominion Resources, Inc reported revenue of $3.67 billion, up from $3.18 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 66 cents per share, on revenue of $3.87 billion. The company maintained its 2011 operating earnings guidance of $3.00 to $3.30 per share. Dominion Resources, Inc. (D) finished the previous trading day at $43.79 per share. The consensus price target of analysts covering the company's stock is $43.96 per share. Dominion Resources, Inc is one of the nation's largest producers and transporters of energy, with a portfolio of more than 27,600 megawatts of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Read more from Benzinga's Company news.