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StockNews.com
Business
Subhasree Kar

Is New Jersey Resources (NJR) Stock a Bargain or a Risk After 14% Decline YTD?

New Jersey Resources Corporation (NJR) reported results for the fiscal fourth quarter and year ended fiscal 2023 this week. The company reported a decrease in net income for the fiscal year, totalling $264.72 million, or $2.71 per share, compared to $274.92 million, or $2.85 per share, in fiscal 2022.

Fourth-quarter fiscal 2023 net income totaled $37.02 million, or $0.38 per share, compared with net income of $54.52 million, or $0.56 per share, during the same period in fiscal 2022.

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