Enterprise Products Partners LP Q1 Income Rises, but misses estimates

(RTTNews) - Enterprise Products Partners LP (EPD) released a profit for its first quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $1.46 billion, or $0.66 per share. This compares with $1.39 billion, or $0.63 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.6% to $14.76 billion from $12.44 billion last year.

Enterprise Products Partners LP earnings at a glance (GAAP) :

-Earnings (Q1): $1.46 Bln. vs. $1.39 Bln. last year. -EPS (Q1): $0.66 vs. $0.63 last year. -Revenue (Q1): $14.76 Bln vs. $12.44 Bln last year.

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


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