TULSA (dpa-AFX) - Williams Cos. (WMB) revealed a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $485 million, or $0.40 per share. This compares with $1.146 billion, or $0.94 per share, last year.
Excluding items, Williams Cos. reported adjusted earnings of $579 million or $0.47 per share for the period.
Analysts on average had expected the company to earn $0.45 per share. Analysts' estimates typically exclude special items.
Williams Cos. earnings at a glance (GAAP) :
-Earnings: $485 Mln. vs. $1.146 Bln. last year. -EPS: $0.40 vs. $0.94 last year.
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