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NiSource, Inc (NI)

Stock (Services Industry, Diversified Utilities Industry, Energy Industry)

NI Plagued by the Financial Crisis The 2008 Financial Crisis caused NI stock to decline 12.92%. In five days, the DOW declined 1400 points (13%). Similar companies, such as WMB and MDUhave also had declines during this time period. Stock Slides as 1st Quarter Profit Plunges NI reported 1st quarter earnings down 56% due to high expenses and loss on the sale of discontinued operations. Energy costs caused the company's cost of purchased power to increase, and the sale of discontinued operations caused a one time expense of $96.1M. Net income was $0.36 a share, compared with analyst estimates of $0.76 a share. Revenue was up 16%. For more info see: http://www.forbes.com/feeds/ap/2008/05/02/ap4962593.html

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