OGE Energy Retreats From New High on Q3 Beat, Down 2%

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OGE Energy Corp. ( OGE ) is down 2.2% to $56.22, changing direction after clipping a new 52-week high of $60.21 on news the company reported Q3 EPS of $1.87, topping consensus estimate of $1.82 by $0.05.

Revenues for the quarter came in at $1.11 billion, compared to the consensus estimate of $1.21 billion.

OGE sees FY12 EPS at $3.40 to $3.60 per average diluted share and assumes normal weather for the remainder of the year. OGE's earnings are projected to be toward the upper end of the earnings range of $2.60 to $2.70 per average diluted share primarily due to warm summer weather.



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This article appears in: Investing , Commodities

Referenced Stocks: OGE

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