Williams Cos. Q4 Profit Increases, beats estimates

(RTTNews) - Williams Cos. (WMB) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $1.146 billion, or $0.94 per share. This compares with $668 million, or $0.55 per share, in last year's fourth quarter.

Excluding items, Williams Cos. reported adjusted earnings of $588 million or $0.48 per share for the period.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Williams Cos. earnings at a glance (GAAP) :

-Earnings (Q4): $1.146 Bln. vs. $668 Mln. last year. -EPS (Q4): $0.94 vs. $0.55 last year. -Analyst Estimate: $0.46