UGI Corp. Q3 Income Falls 58%

(RTTNews) - UGI Corp. (UGI) released a profit for third quarter that declined from last year.

The company said its bottom line declined to $16.6 million, or $0.09 per share. This was lower than $40.0 million, or $0.23 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.8% to $1.15 billion. This was up from $1.13 billion last year.

UGI Corp. earnings at a glance:

-Earnings (Q3): $16.6 Mln. vs. $40.0 Mln. last year. -Earnings Decline (Y-o-Y): -58.5% -EPS (Q3): $0.09 vs. $0.23 last year. -EPS Decline (Y-o-Y): -60.9% -Analysts Estimate: $0.16 -Revenue (Q3): $1.15 Bln vs. $1.13 Bln last year. -Revenue Change (Y-o-Y): 1.8%

-Guidance: Full year EPS guidance: $2.30 to $2.45.