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Cheniere Energy Inc. Profit Drops In Q1

Cheniere Energy Inc. (LNG) announced earnings for first quarter that decreased from the same period last year.

The company's bottom line totaled $141 million, or $0.54 per share. This compares with $357 million, or $1.50 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.9% to $2.26 billion from $2.24 billion last year.

Cheniere Energy Inc. earnings at a glance:

-Earnings (Q1): $141 Mln. vs. $357 Mln. last year.
-EPS (Q1): $0.54 vs. $1.50 last year.
-Analysts Estimate: $0.28
-Revenue (Q1): $2.26 Bln vs. $2.24 Bln last year.

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