WASHINGTON (dpa-AFX) - ONEOK Inc. (OKE) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $0.64 billion, or $1.09 per share. This compares with $1.05 billion, or $2.34 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
ONEOK Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $0.64 Bln. vs. $1.05 Bln. last year. -EPS (Q1): $1.09 vs. $2.34 last year.
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