WGL Holdings Inc. Q2 Earnings Retreat 11%

(RTTNews) - WGL Holdings Inc. (WGL) announced a profit for second quarter that dropped compared to the same period last year.

The company said its bottom line declined to $89.5 million, or $1.78 per share. This was lower than $101.0 million, or $2.02 per share, in last year's second quarter.

Analysts had expected the company to earn $1.96 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 16.0% to $0.84 billion. This was down from $1.00 billion last year.

WGL Holdings Inc. earnings at a glance:

-Earnings (Q2): $89.5 Mln. vs. $101.0 Mln. last year. -Earnings Decline (Y-o-Y): -11.4% -EPS (Q2): $1.78 vs. $2.02 last year. -EPS Decline (Y-o-Y): -11.9% -Analysts Estimate: $1.96 -Revenue (Q2): $0.84 Bln vs. $1.00 Bln last year. -Revenue Change (Y-o-Y): -16.0%

-Guidance: Full year EPS guidance: $3.00 - $3.20