WEC Energy Group Reveals Rise In Q3 Income, Beats estimates

(RTTNews) - WEC Energy Group (WEC) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $302 million, or $0.96 per share. This compares with $290 million, or $0.92 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.7% to $2.003 billion from $1.746 billion last year.

WEC Energy Group earnings at a glance (GAAP) :

-Earnings (Q3): $302 Mln. vs. $290 Mln. last year. -EPS (Q3): $0.96 vs. $0.92 last year. -Analyst Estimate: $0.86 -Revenue (Q3): $2.003 Bln vs. $1.746 Bln last year.

-Guidance: Full year EPS guidance: $4.38 to $4.40