Williams Cos.: Q1 Earnings Snapshot
TULSA, Okla. (AP) — TULSA, Okla. (AP) — Williams Cos. (WMB) on Wednesday reported first-quarter profit of $927 million.
On a per-share basis, the Tulsa, Oklahoma-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring gains, were 56 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The pipeline operator posted revenue of $3.08 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.84 billion.
Williams Cos. expects full-year earnings in the range of $1.67 to $1.92 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMB at https://www.zacks.com/ap/WMB