ONEOK Inc. Q1 Income Climbs 37%

(RTTNews) - ONEOK Inc. (OKE) released a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $83.4 million, or $0.40 per share. This was higher than $60.8 million, or $0.29 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.2% to $1.77 billion. This was down from $1.81 billion last year.

ONEOK Inc. earnings at a glance:

-Earnings (Q1): $83.4 Mln. vs. $60.8 Mln. last year. -Earnings Growth (Y-o-Y): 37.2% -EPS (Q1): $0.40 vs. $0.29 last year. -EPS Growth (Y-o-Y): 37.9% -Analysts Estimate: $0.41 -Revenue (Q1): $1.77 Bln vs. $1.81 Bln last year. -Revenue Change (Y-o-Y): -2.2%