ALBUQUERQUE, N.M. (AP) _ PNM Resources Inc. (PNM) on Friday reported first-quarter net income of $17.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Albuquerque, New Mexico-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.

The power company posted revenue of $364.7 million in the period.

PNM Resources expects full-year earnings in the range of $2.27 to $2.37 per share.

PNM Resources shares have risen 2% since the beginning of the year. The stock has increased 16% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNM at https://www.zacks.com/ap/PNM

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