Spectra Energy Q4 Profit Rises; Results Top Estimates - Quick Facts

(RTTNews) - Spectra Energy Corp. (SE) said that its fourth-quarter net income attributable to controlling Interests rose to $236 million from $213 million in the same quarter last year. Earnings per share for the quarter $0.35, up from $0.32 in the year ago quarter.

Ongoing earnings per share for the quarter grew to $0.41 from last year's $0.32. Analysts polled by Thomson Reuters expected the company to report earnings of $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly operating revenues improved to $1.565 billion from $1.347 billion in the prior year quarter. Three analysts estimated revenues of $1.48 billion for the quarter.

Spectra Energy Corp said that the company and Spectra Energy Partners, LP (SEP) will discuss their business outlooks and 2014 financial plans during an analyst/investor meeting at the St. Regis Hotel in New York City on Wednesday, February 5, 2014.