TECO Energy Q2 Profit Decreases - Quick Facts

(RTTNews) - TECO Energy Inc. (TE) reported second-quarter net income of $51.4 million, or $0.24 per share, compared to $73.1 million, or $0.34 per share, in the second quarter of 2012. Net income from continuing operations was $51.6 million, or $0.24 per share, compared to $65.6 million, or $0.30 per share, prior year.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.26 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $735.9 million, from $752.5 million last year. Analysts expected revenue of $726.15 million for the quarter.

TECO Energy is maintaining its earnings-per-share guidance for 2013 in a range between $0.90 and $1.00, excluding charges or gains. Analysts expect the company to report profit per share of $0.95 for full year.