Teco Energy Inc. Announces 17% Gain In Q4 Earnings

(RTTNews) - Teco Energy Inc. (TE) revealed a profit for its fourth quarter that increased from last year.

The company said its bottom line rose to $52.5 million, or $0.23 per share. This was higher than $45.0 million, or $0.19 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $676.1 million. This was down from $695.5 million last year.

Teco Energy Inc. earnings at a glance:

-Earnings (Q4): $52.5 Mln. vs. $45.0 Mln. last year. -Earnings Growth (Y-o-Y): 16.7% -EPS (Q4): $0.23 vs. $0.19 last year. -EPS Growth (Y-o-Y): 21.1% -Analysts Estimate: $0.23 -Revenue (Q4): $676.1 Mln vs. $695.5 Mln last year. -Revenue Change (Y-o-Y): -2.8%