Williams Companies Inc. (WMB) reported third-quarter net income attributable to the company of $143 million or $0.24 per share compared to $366 million or $0.62 per share last year.
Income from continuing operations decreased to $141 million or $0.24 per share from $360 million or $0.61 per share last year.
Recurring income from continuing operations available to shareholders decreased to $140 million from $361 million last year. Recurring earnings per share decreased to $0.24 from $0.61 a year ago.
Recurring income from continuing operations, after mark-to-market adjustments, were $147 million or $0.25 per share compared to $323 million or $0.55 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.19 per share for the quarter. Analysts' estimates typically exclude special items.
The company updated its fiscal 2009 guidance. The company now expects fiscal 2009 recurring adjusted earnings per share in the range of $0.95-$1.00; prior guidance was a range of $0.75-$0.90.
Fiscal 2010 recurring adjusted earnings per share is expected to be in the range of $0.80-$1.90. Fiscal 2011 recurring adjusted earnings per share is expected to be in the range of $1.10-$2.65.
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