Williams Cos. Q2 Profit Increases, beats estimates

(RTTNews) - Williams Cos. (WMB) reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $547 million, or $0.45 per share. This compares with $400 million, or $0.33 per share, in last year's second quarter.

Excluding items, Williams Cos. reported adjusted earnings of $515 million or $0.42 per share for the period.

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

The company's revenue for the quarter fell 2.4% to $2.43 billion from $2.49 billion last year.

Williams Cos. earnings at a glance (GAAP) :

-Earnings (Q2): $547 Mln. vs. $400 Mln. last year. -EPS (Q2): $0.45 vs. $0.33 last year. -Analyst Estimate: $0.38 -Revenue (Q2): $2.43 Bln vs. $2.49 Bln last year.