Piedmont Higher Ahead of Earnings

Published on Wednesday, 01 September 2010 10:21 Written by Christian Paolinetti

New York, September 1st (TradersHuddle.com) - Shares of Piedmont Natural Gas Company, Inc. (NYSE:PNY) are trading higher by +2.38% ahead of its quarterly earnings release. Piedmont, the natural gas distributor in North Carolina, South Carolina and Tennessee is expected to release its quarterly results on September 2^nd.

Wall Street Analysts consensus calls for a loss of $-0.11 a share on $184.88 million revenue.

Piedmont estimates have a range of $0.05 a share. The high estimate calls for loss of $-0.08 a share and the low estimate is calling for a loss of $-0.13 a share, a year ago for the quarter the company reported $-0.1 a share.

Piedmont Natural Gas Company, Inc. (NYSE:PNY) is an energy and services company that primarily transports, distributes, and sells natural gas. The Company serves residential, commercial, and industrial customers in North Carolina, South Carolina, and Tennessee.