Enterprise Products Partners LP Q1 Profit Rises, Beats estimates

(RTTNews) - Enterprise Products Partners LP (EPD) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $1.39 billion, or $0.63 per share. This compares with $1.30 billion, or $0.59 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.4% to $12.44 billion from $13.01 billion last year.

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

-Earnings (Q1): $1.39 Bln. vs. $1.30 Bln. last year. -EPS (Q1): $0.63 vs. $0.59 last year. -Analyst Estimate: $0.62 -Revenue (Q1): $12.44 Bln vs. $13.01 Bln last year.