TECO Energy Q2 Profit From Cont. Ops. Rises; Maintains 2015 EPS Guidance

(RTTNews) - TECO Energy, Inc. (TE) reported second-quarter income from continuing operations of $61.5 million, or $0.26 per share, compared to $57.6 million, or $0.27 per share in 2014. Non-GAAP income from continuing operations, were $61.9 million, or $0.26 on a per-share basis, for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Tampa Electric's operating revenues increased to $532.50 million from $512.78 million, a year ago. Analysts expected revenue of $644.28 million for the quarter.

TECO Energy expects to deliver consolidated earnings from continuing operations in a range between $1.08 and $1.11 in 2015, excluding any non-GAAP charges or gains. Analysts expect the company to report earnings per share of $1.10.