OGE Energy Corp. Reveals 42% Retreat In Q1 Earnings

(RTTNews) - OGE Energy Corp. (OGE) reported a profit for first quarter that retreated compared to the same period last year.

The company said its earnings fell to $25.2 million, or $0.13 per share. This was lower than $43.2 million, or $0.22 per share, in last year's first quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.8% to $433.1 million. This was down from $480.1 million last year.

OGE Energy Corp. earnings at a glance:

-Earnings (Q1): $25.2 Mln. vs. $43.2 Mln. last year. -Earnings Decline (Y-o-Y): -41.7% -EPS (Q1): $0.13 vs. $0.22 last year. -EPS Decline (Y-o-Y): -40.9% -Analysts Estimate: $0.13 -Revenue (Q1): $433.1 Mln vs. $480.1 Mln last year. -Revenue Change (Y-o-Y): -9.8%

-Guidance: Full year EPS guidance: $1.72 - $1.83