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WEC Energy Group Reports Increase In Q1 Earnings

WEC Energy Group (WEC) reported earnings for its first quarter that climbed from last year.

The company's bottom line totaled $420.1 million, or $1.33 per share. This compares with $390.1 million, or $1.23 per share, in last year's first quarter.

Analysts had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $2.38 billion from $2.29 billion last year.

WEC Energy Group earnings at a glance:

-Earnings (Q1): $420.1 Mln. vs. $390.1 Mln. last year.
-EPS (Q1): $1.33 vs. $1.23 last year.
-Analysts Estimate: $1.25
-Revenue (Q1): $2.38 Bln vs. $2.29 Bln last year.

Full year EPS guidance: $3.48 - $3.52

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