WASHINGTON (dpa-AFX) - ONEOK Inc. (OKE) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $923 million, or $1.57 per share. This compares with $688 million, or $1.18 per share, last year.
Analysts on average had expected the company to earn $1.54 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 33.7% to $7.000 billion from $5.235 billion last year.
ONEOK Inc. earnings at a glance (GAAP) :
-Earnings: $923 Mln. vs. $688 Mln. last year. -EPS: $1.57 vs. $1.18 last year. -Revenue: $7.000 Bln vs. $5.235 Bln last year.
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