ONEOK Inc. (OKE) announced third-quarter net income attributable to company of $48.0 million or $0.45 per share, compared to $58.0 million or $0.55 per share in the same period last year.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share. Analysts' estimates typically exclude special items.
Revenues for the period declined to $2.4 billion from $4.2 billion in the previous year quarter. Three Wall Street analysts expected revenues of $3.74 billion.
Looking forward, for the fiscal year 2009, the company increased its net income guidance to the range of $2.65 to $2.85 per share from its previous guidance in the range of $2.40 to $2.70 per share. Street analysts expect earnings of $2.63 per share.
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