WASHINGTON (dpa-AFX) - ONEOK Inc. (OKE) announced that its third-quarter net income attributable to the company was $60.3 million, up from $55.3 million for the same period in 2010. Earnings were $0. 57 per share, compared with $0.51 per share for the same period last year.
Revenues for the quarter rose to $3.60 billion from $2.94 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share on revenues of $4.45 billion. Analysts' estimates typically exclude special items.
ONEOK increased its 2011 net income guidance to the range of $345 million to $365 million compared with the previous guidance of $325 million to $345 million, reflecting higher expected earnings in the ONEOK Partners segment.
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