OGE Energy Corp. (OGE) revealed earnings for second quarter that dropped from last year.
The company's bottom line came in at $100.2 million, or $0.50 per share. This compares with $110.7 million, or $0.55 per share, in last year's second quarter.
Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.4% to $513.7 million from $567.0 million last year.
OGE Energy Corp. earnings at a glance:
-Earnings (Q2): $100.2 Mln. vs. $110.7 Mln. last year.
-EPS (Q2): $0.50 vs. $0.55 last year.
-Analysts Estimate: $0.51
-Revenue (Q2): $513.7 Mln vs. $567.0 Mln last year.
-Guidance:
Full year EPS guidance: $2.05 to $2.20
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