EQT Corporation Q2 adjusted earnings Miss Estimates

(RTTNews) - EQT Corporation (EQT) revealed a profit for second quarter that decreased from last year.

The company's earnings came in at $17.8 million, or $0.07 per share. This compares with $41.1 million, or $0.24 per share, in last year's second quarter.

Excluding items, EQT Corporation reported adjusted earnings of $116.3 million or $0.44 per share for the period.

Analysts had expected the company to earn $0.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.2% to $1.05 billion from $0.69 billion last year.

EQT Corporation earnings at a glance:

-Earnings (Q2): $116.3 Mln. vs. $11.4 Mln. last year. -EPS (Q2): $0.44 vs. $0.07 last year. -Analysts Estimate: $0.45 -Revenue (Q2): $1.05 Bln vs. $0.69 Bln last year.