Plains All American Pipeline LP (PAA) released earnings for its first quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $443 million, or $0.49 per share. This compares with $266 million, or $0.29 per share, last year.
Excluding items, Plains All American Pipeline LP reported adjusted earnings of $275 million or $0.39 per share for the period.
Analysts on average had expected the company to earn $0.45 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.1% to $12.01 million from $12.00 million last year.
Plains All American Pipeline LP earnings at a glance (GAAP) :
-Earnings: $443 Mln. vs. $266 Mln. last year.
-EPS: $0.49 vs. $0.29 last year.
-Revenue: $12.01 Mln vs. $12.00 Mln last year.
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