Williams Cos. Bottom Line Drops 79% In Q1

(RTTNews) - Williams Cos. (WMB) revealed a profit for first quarter that decreased compared to the same period last year.

The company said its profit fell to $26 million, or $0.03 per share. This was lower than $122 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Williams Cos. earnings at a glance:

-Earnings (Q1): $26 Mln. vs. $122 Mln. last year. -Earnings Decline (Y-o-Y): -78.7% -EPS (Q1): $0.03 vs. $0.16 last year. -EPS Decline (Y-o-Y): -81.2% -Analysts Estimate: $0.22