OGE Energy Corp. Q1 Income Retreats

(RTTNews) - OGE Energy Corp. (OGE) released a profit for first quarter that fell from the same period last year.

The company's profit totaled $47.1 million, or $0.24 per share. This compares with $55.0 million, or $0.27 per share, in last year's first quarter.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $490.0 million from $492.7 million last year.

OGE Energy Corp. earnings at a glance:

-Earnings (Q1): $47.1 Mln. vs. $55.0 Mln. last year. -EPS (Q1): $0.24 vs. $0.27 last year. -Analysts Estimate: $0.24 -Revenue (Q1): $490.0 Mln vs. $492.7 Mln last year.

-Guidance: Full year EPS guidance: $2.05 - $2.20

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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