OGE Energy Corp. Bottom Line Rises In Q1, Beats estimates

(RTTNews) - OGE Energy Corp. (OGE) revealed a profit for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $279.5 million, or $1.39 per share. This compares with $52.7 million, or $0.26 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 63.8% to $589.3 million from $1.63 billion last year.

OGE Energy Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $279.5 Mln. vs. $52.7 Mln. last year. -EPS (Q1): $1.39 vs. $0.26 last year. -Analyst Estimate: $0.24 -Revenue (Q1): $589.3 Mln vs. $1.63 Bln last year.

-Guidance: Full year EPS guidance: $1.87 to $1.97