26.10.2017 13:25:44

Wisconsin Energy Group Q3 Profit Declines 2%

(RTTNews) - Wisconsin Energy Group (WEC) released earnings for third quarter that lost ground from last year.

The company said its bottom line fell to $215.4 million, or $0.68 per share. This was down from $219.1 million, or $0.69 per share, in last year's third quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $1.66 billion. This was down from $1.71 billion last year.

Wisconsin Energy Group earnings at a glance:

-Earnings (Q3): $215.4 Mln. vs. $219.1 Mln. last year. -Earnings Decline (Y-o-Y): -1.7% -EPS (Q3): $0.68 vs. $0.69 last year. -EPS Decline (Y-o-Y): -1.4% -Analysts Estimate: $0.67 -Revenue (Q3): $1.66 Bln vs. $1.71 Bln last year. -Revenue Change (Y-o-Y): -2.9%

-Guidance: Full year EPS guidance: $3.06 to $3.12

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WEC Energy Group Inc 91,10 -0,46% WEC Energy Group Inc