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Dominion Resources issues 2Q profit prediction under views

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May 1, 2008

RICHMOND, Va.—Utility Dominion Resources Inc. on Thursday issued an adjusted second-quarter earnings expectation under Wall Street's current average prediction.

Dominion expects second-quarter 2008 operating earnings between 47 and 52 cents per share.

Analysts predict a profit of 54 cents per share, according to a poll by Thomson Financial.

The company said it expects the sale of exploration and production businesses and higher expenses to hurt the quarter. However, Dominion predicts surging generation income and higher production and prices within its remaining exploration and production assets to aid the period.

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