South Jersey Industries Shares Reach New Record

South Jersey Industries shares rose to a new record on Friday after the energy services company reported economic earnings of $0.42 per diluted share, down from $0.62 a year ago but above the $0.41 estimate from analysts polled by Capital IQ

Total operating revenue rose to $330 million from $257.8 million, easily exceeding the $271.6 million consensus. SJI was up 2% at $34.64 recently, having earlier traded as high as $35. The 52-week low is at $25.27.

By Stephen Holmes