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WEC Energy Group Profit Advances In Q1

(RTTNews) - WEC Energy Group (WEC) announced a profit for its first quarter that climbed from the same period last year.

The company's profit totaled $510.1 million, or $1.61 per share. This compares with $452.5 million, or $1.43 per share, in last year's first quarter.

Analysts had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.5% to $2.69 billion from $2.11 billion last year.

WEC Energy Group earnings at a glance:

-Earnings (Q1): $510.1 Mln. vs. $452.5 Mln. last year. -EPS (Q1): $1.61 vs. $1.43 last year. -Analysts Estimate: $1.47 -Revenue (Q1): $2.69 Bln vs. $2.11 Bln last year.

-Guidance: Full year EPS guidance: $3.99 to $4.03

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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