WASHINGTON (dpa-AFX) - ONEOK Inc. (OKE) reported a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $688 million, or $1.18 per share. This compares with $485 million, or $1.08 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $1.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.2% to $5.24 billion from $5.03 billion last year.
ONEOK Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $688 Mln. vs. $485 Mln. last year. -EPS (Q4): $1.18 vs. $1.08 last year. -Analyst Estimate: $1.20 -Revenue (Q4): $5.24 Bln vs. $5.03 Bln last year.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
