Plus   Neg

Wisconsin Energy Group Profit Climbs In Q2

Wisconsin Energy Group (WEC) revealed earnings for its second quarter that advanced from the same period last year.

The company's bottom line came in at $231.0 million, or $0.73 per share. This compares with $199.1 million, or $0.63 per share, in last year's second quarter.

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

The company's revenue for the quarter rose 2.5% to $1.67 billion from $1.63 billion last year.

Wisconsin Energy Group earnings at a glance:

-Earnings (Q2): $231.0 Mln. vs. $199.1 Mln. last year.
-EPS (Q2): $0.73 vs. $0.63 last year.
-Analysts Estimate: $0.67
-Revenue (Q2): $1.67 Bln vs. $1.63 Bln last year.

Full year EPS guidance: $3.32

For comments and feedback contact: editorial@rttnews.com

Follow RTT