Williams Cos.: Q1 Earnings Snapshot
TULSA, Okla. (AP) _ Williams Cos. (WMB) on Monday reported first-quarter net income of $380 million.
The Tulsa, Oklahoma-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The pipeline operator posted revenue of $2.52 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMB at https://www.zacks.com/ap/WMB