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Questar Q1 Profit Declines; Backs FY13 EPS Outlook

Questar Corp. (STR) reported first-quarter net income of $72.9 million or $0.41 per share, compared to $75.2 million or $0.42 per share in the year-ago quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter declined to $476.9 million from $425.7 million in the prior year quarter, while three analysts had a consensus revenue estimate of $435.95 million for the quarter.

Looking ahead to fiscal 2013, the company maintained its 2013 guidance range for earnings of $1.12 to $1.20 per diluted share, unchanged from previously provided guidance. Street is currently looking for full-year 2013 earnings of $1.20 per share.

by RTTNews Staff Writer

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