Spectra Energy Corp. Announces 6% Decline In Q1 Profit

(RTTNews) - Spectra Energy Corp. (SE) revealed a profit for first quarter that decreased from last year.

The company said its profit came in at $314 million, or $0.35 per share. This was down from $333 million, or $0.41 per share, in last year's first quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 85185185085.2% to $1.38 billion. This was up from $1.62 last year.

Spectra Energy Corp. earnings at a glance:

-Earnings (Q1): $314 Mln. vs. $333 Mln. last year. -Earnings Decline (Y-o-Y): -5.7% -EPS (Q1): $0.35 vs. $0.41 last year. -EPS Decline (Y-o-Y): -14.6% -Analysts Estimate: $0.38 -Revenue (Q1): $1.38 Bln vs. $1.62 last year. -Revenue Change (Y-o-Y): 85185185085.2%