Evergy, Inc. Q1 Profit Increases, beats estimates

(RTTNews) - Evergy, Inc. (EVRG) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $142.6 million, or $0.62 per share. This compares with $122.5 million, or $0.53 per share, in last year's first quarter.

Excluding items, Evergy, Inc. reported adjusted earnings of $136.1 million or $0.59 per share for the period.

Analysts on average had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $1.297 billion from $1.234 billion last year.

Evergy, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $142.6 Mln. vs. $122.5 Mln. last year. -EPS (Q1): $0.62 vs. $0.53 last year. -Analyst Estimate: $0.58 -Revenue (Q1): $1.297 Bln vs. $1.234 Bln last year.