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02.05.2022 22:23:33
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Williams Cos. Q1 Profit Decreases, but beats estimates
(RTTNews) - Williams Cos. (WMB) revealed a profit for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $379 million, or $0.31 per share. This compares with $425 million, or $0.35 per share, in last year's first quarter.
Excluding items, Williams Cos. reported adjusted earnings of $499 million or $0.41 per share for the period.
Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.4% to $2.52 billion from $2.61 billion last year.
Williams Cos. earnings at a glance (GAAP) :
-Earnings (Q1): $379 Mln. vs. $425 Mln. last year. -EPS (Q1): $0.31 vs. $0.35 last year. -Analyst Estimates: $0.35 -Revenue (Q1): $2.52 Bln vs. $2.61 Bln last year.
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