WASHINGTON (dpa-AFX) - TECO Energy, Inc. (TE) Tuesday said first-quarter profit attributable to the company declined to $41.5million or $0.19 per share from $50.5 million or $0.24 per share in the same period last year.
Net income from continuing operations totaled $41.2 million or $0.19 per share, compared to $44.6 million or $0.21 per share last year. Prior-year quarter included a gain of $5.9 million or $0.03 per share from discontinued operations.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.17 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $661.1 million, down from $697.1 million in the same quarter last year. Analysts expected revenues of $749.97 million.
Looking ahead to fiscal year 2013, the company is maintaining its outlook for adjusted earnings in a range of $0.90 to $1.00 per share. Analysts currently expect full-year earnings of $0.96 per share.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
