ONEOK Inc. Reveals Retreat In Q2 Profit

(RTTNews) - ONEOK Inc. (OKE) reported a profit for second quarter that decreased from the same period last year.

The company's bottom line totaled $134.3 million, or $0.32 per share. This compares with $312.0 million, or $0.75 per share, in last year's second quarter.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ONEOK Inc. earnings at a glance:

-Earnings (Q2): $134.3 Mln. vs. $312.0 Mln. last year. -EPS (Q2): $0.32 vs. $0.75 last year. -Analysts Estimate: $0.51

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


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.