Referenced Stocks

UPDATE: Xcel Energy's Q2 Beats Forecasts; Maintains FY12 EPS Guidance - Shares Down 1.6%, Were Near Yr Highs Earlier

By MT Newswires,  August 02, 2012, 12:46:12 PM EDT

Xcel Energy ( XEL ) is down 1.6% at $28.77 on volume of 1.1 million vs 30-day avg of 2.56 mln after the company today reported Q2 earnings of $0.38 per share, compared with the Capital IQ consensus of $0.35. Revenues were $2.27 bln, down 6.7% year-over-year. Analysts were expecting revenues of $2.47 bln.

The company still expects FY12 EPS in the lower half of its guidance range of $1.75 - $1.85. Analysts are looking for $1.77 EPS.

Shares are off a day's high of $29.61, which was near the 52-week high of $29.92. Shares have increased 22.3% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: XEL



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