Tuesday, Wisconsin Energy Corp. (WEC) said its fourth-quarter net income increased to $118.7 million or $1.00 per share from $100.4 million or $0.85 per share in the prior year period. Income from continuing operations for the quarter rose to $113.6 million or $0.96 per share from $100.0 million or $0.85 per share in the year-ago period. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.89 per share for the quarter.
Operating revenues for the quarter declined to $1.06 billion from $1.19 billion in the comparable period. Three analysts estimated revenues of $1.31 billion for the quarter.
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