ONEOK Inc. Profit Rises In Q1

(RTTNews) - ONEOK Inc. (OKE) revealed earnings for its first quarter that rose from last year.

The company's earnings came in at $264.5 million, or $0.64 per share. This compares with $87.4 million, or $0.41 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $3.10 billion from $2.75 billion last year.

ONEOK Inc. earnings at a glance:

-Earnings (Q1): $264.5 Mln. vs. $87.4 Mln. last year. -EPS (Q1): $0.64 vs. $0.41 last year. -Analysts Estimate: $0.61 -Revenue (Q1): $3.10 Bln vs. $2.75 Bln last year.