Friday, TECO Energy Inc. (TE) said its third-quarter GAAP net income rose to $64.8 million or $0.30 per share from $58.2 million or $0.27 per share in the third quarter of 2008. On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter.
The company reported a third-quarter non-GAAP results from continuing operations, which exclude charges and gains, of $85.6 million compared with net income of $58.2 million in the 2008 period.
Total revenues for the quarter declined to $896.3 million from $926.1 million in the previous year. Four analysts estimated revenues of $944.22 million for the quarter.
TECO Energy still expects full-year earnings per share to be within a range of $1.00 - $1.15, excluding charges and gains. Fourteen analysts estimate earnings of $1.05 per share for the year 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.