MGE ENERGY INC (MGEE) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $41.59 million, or $1.14 per share. This compares with $33.81 million, or $0.93 per share, last year.
Analysts on average had expected the company to earn $0.98 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.4% to $218.970 million from $191.336 million last year.
MGE ENERGY INC earnings at a glance (GAAP) :
-Earnings: $41.59 Mln. vs. $33.81 Mln. last year.
-EPS: $1.14 vs. $0.93 last year.
-Revenue: $218.970 Mln vs. $191.336 Mln last year.
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