TECO Energy, Inc. (TE) reported fourth quarter net income of $53.5 million or $0.25 per share, compared to $22.0 million or $0.10 per share last year.
Non-GAAP net income was $53.9 million, compared to $42.3 million in the same quarter a year earlier.
On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.25 per share. Analysts' estimates typically exclude special items.
Total revenues declined to $765.0 million from $770.3 million in the prior year quarter.
Four analysts estimated revenues of $906.03 million.
TECO Energy expects earnings per share in 2010 to be in a range between $1.20 and $1.35, excluding all charges and gains.
Analysts expect the company to earn $1.31 per share.
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