WGL Loss Narrows

WGL Holdings(WGL Quote), the parent company of Washington Gas Light Company, said Monday that losses narrowed for its third quarter ended June 30, on improved utility operations.

The Washington, D.C.-based company lost $1.8 million, or 4 cents a share, in the quarter, compared with $8.2 million, or 17 cents a share, a year ago. Adjusted for items, loss from normal operations was penny a share in the most recent quarter. Analysts surveyed by Thomson First Call were expecting loss of $4.7 million, or 8 cents a share.

Third-quarter revenue, which includes net revenue from utility operations and non-utility operations, rose 7.1% from a year ago to $250.2 million, as against analysts' estimate of $200.3 million. ...